november 14 2006 exchange traded funds quarterly report over 400 billion in 354 etfs this is our comprehensive on us listed it includes a summary of etf investment applications excerpts from strategy reports outlook for the and international equity fixed income markets index data individual profiles market continues to show rapid growth 135 new have been issued now has with 409 assets accessible through include equities commodities currencies provide access favorite sectors morgan stanley s strategists favor large cap stocks are overweight financials health care industrials consumer staples technology global continue like europe japan believe that most investors should meaningful exposure 0 100 200 300 500 t o l e b il 50 150 250 350 n u m r tfs bil total