An improvement over last month, but still nothing to get all the excited about. Combined assets of the nation's mutual funds decreased by $261.7 billion, or 2.7 percent, to $9.4 trillion in November, according to Investment Company Institute. Assets were off by 10 percent in the last ICI compilation, so at least we're headed in the right direction.
The combined assets of the nation's exchange-traded funds were $478.06 billion in November, according to ICI. A slight decline (what's a $billion here or there), signaling that ETFs are faring better than most in the current downturn. According to the numbers:
