| | United Press International - The Washington Times, America's Newspaper (Site not responding. Last check: ) |
 | | Individual ETFs, which resemble index-oriented mutual funds but trade on exchanges like equities, have taken long to clear SEC regulatory hurdles because their hybrid nature does not neatly fit existing regulatory protocols. |
 | | Now, however, the SEC is working on a rule that would let new ETFs launch without seeking certain individual "exemptive" orders currently required. |
 | | As of the end of November, there were 344 ETFs in the United States with assets totaling more than $400 billion -- more than $105 billion has come in so far this year, the Wall Street Journal said Monday. |
| www.washtimes.com /upi/20061211-041823-7658r.htm (212 words) |