Global assets for exchange-traded funds hit the $1 trillion mark in 2009, a milestone long expected by industry insiders and a reflection of ETFs' rapid emergence as a competitor to the $7 trillion mutual fund industry.

ETF assets rose 45.2% worldwide, from $710.9 billion in 2008, according to BlackRock. At yearend there were 1,939 ETFs worldwide, with 3,775 listings from 109 providers on 40 exchanges.

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