U.S. ETF assets top $507 billion

Total assets of the 546 exchange traded fund listed in the U.S. rose 3.7% to $507.11 billion in August, according to a report by the Investment Company Institute. Assets of all exchange traded funds rose in August rose by $18.25 million, from $488.87 billion in July. During the past 12 months, ETF assets have increased $147.22 billion, or 40.9%. Assets in domestic equity ETFs have increased $83.16 billion since August 2006, and global equity ETF assets rose $55.29 billion during the same period. The value of all ETF shares issued exceeded that of shares redeemed by $15.62 billion, the ICI said. ICI is based in Washington.