The ETF industry just passed the $1 trillion milestone, according to a report from BlackRock, now the largest ETF provider after the absorption of iShares.

With an all-time high of $1.032 trillion, the figure represents a year-over-year growth of nearly $300 billion, between December 2008 and 2009. The data was published in the latest ETF Landscape Year End 2009 report.

U.S. ETF assets accounted for $706 billion. European assets made up $224 billion, while the final $70 billion came from other markets.

The number of exchange traded funds also increased in 2009, rising from 1,591 to 1,939 worldwide. 

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