The exchange-traded funds industry continues to boom, as assets under management topped a record $1.29 trillion as of the end of the third quarter of this year, according to theETF Snapshot: September 2012, fromState Street Global Advisors.
Total assets have climbed 22.7% year-to-date through the first three-quarters of 2012, and there were 1,263 ETFs operating in the industry, the report noted.
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