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ETF volumes soar despite declining global asset values, says report

The surge in exchange-traded fund (ETF) volumes in 2008 has shown no sign of slowing down despite a 7.9% fall in the value of global assets. The number of ETFs increased by 0.8% in January, while average daily trading volumes grew by 3.4% to $83.12 billion, according to a Barclays Global Investors (BGI) review of the industry.

The surge in the funds' popularity last year was a result of cost

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