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(AP) - ASSET GROWTH: It's been another big year for exchange-traded funds. ETFs attracted more than $150 billion in net deposits through November. ETF assets have more than doubled over the past three years, reaching $1.3 trillion.

FEE-CUTTING COMPETITION: A key appeal of ETFs has been the lowering of their investment fees. Several industry leaders have recently cut ETF expense ratios, including BlackRock's iShares ETFs family, Charles Schwab and Vanguard.

BOND ETF SURGE: The majority of ETF assets are invested in stocks, but bond ETFs are growing more rapidly. This year, they've attracted $52 billion in net deposits through November.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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