Assets in exchange traded funds increased steadily during the last three months of 2001, reaching nearly $83 billion by the year’s end, the Investment Company Institute reported.

ETF assets had been at $69.4 billion in October and rose to $78.8 billion by November, the industry organization said. Gross issuance, or the dollar value of ETF shares issued, increased to $8.43 billion from $5.56 billion in November.

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