You hear a lot about the explosive growth of Exchange Traded Funds, or ETFs, and in some cases, it is clearly quantifiable.
Take the case of Select Sector SPDR Trust, where asset volume rose 10% in the first quarter alone, according to its director of wealth management, Dan Dolan. Assets rose $1.7 billion to $18.8 billion. Thus far in the second quarter, assests are up about $1 billion. Select Sector SPDRs are ETFs that divide the S&P 500 into nine sector index funds.