Thanks to stagnant interest rates and lingering worries over the Eurozone and other developed markets, the exchange traded fund market in February grew 3.9%, or more than $44 billion assets, over the previous month, according to a snapshot report released by State Street Global Advisors.

The market consisted of 1,231 ETFs—with assets totaling $1.18 trillion— which were managed by 36 ETF managers as of February 29,  according to SSgA’s ETF Snapshot.

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