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Global ETF industry grabs record cash in 2015: BlackRock

A woman walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015.  REUTERS/Eduardo Munoz

By Trevor Hunnicutt

(Reuters) – Investors poured $347 billion into exchange-traded funds globally during 2015, fund-manager BlackRock Inc said on Sunday, setting a new record for the industry.

BlackRock said its own haul of $130 billion in new money also set a record in global flows for its iShares ETF business, surpassing the previous annual record set in 2014, when investors added $103 billion in new money to the funds.

ETFs, generally a basket of stocks, bonds or other assets, grew at a record rate despite markets struggling in 2015 to deliver the broad gains they have posted since rebounding from read more >>>

Source : BusinessInsider.Com