Exchange-Traded Fund Assets
February 2001Washington, DC, March 27, 2001 - The combined assets of the nation's exchange-traded funds (ETFs) were $64.31 billion at the end of February 2001, according to the Investment Company Institute, the national association of the investment company industry. The Institute's monthly statistical collection also includes the value of shares issued and redeemed by exchange-traded funds. An exchange-traded fund is an investment company with shares that trade intraday on stock exchanges at market-determined prices. Investors may buy or sell ETF shares through a broker just as they would the shares of any publicly traded company. Statistics contained in the Institute's monthly ETF report have been obtained from information provided to ICI by exchange-traded funds. Trust-issued receipts, such as Holding Company Depository Receipts (HOLDRS), are not included in the report because they are not issued by registered investment companies.
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Assets of Exchange-Traded Funds by Type
(millions of dollars) |
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February 2001 |
January 2001 |
December 2000 |
Domestic (Broad-based) |
56,846 |
63,801 |
58,190 |
Domestic (Sector/Industry) |
5,549 |
6,299 |
5,355 |
Total Domestic |
62,395 |
70,100 |
63,544 |
Global/International |
1,915 |
2,034 |
2,041 |
All |
64,310 |
72,134 |
65,585 |
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Value of Shares Issued by All Exchange-Traded Funds
(millions of dollars) |
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February 2001 |
January 2001 |
December 2000 |
Gross Issuance |
6,174 |
6,329 |
12,593 |
Gross Redemptions |
2,960 |
3,987 |
1,826 |
Net Issuance |
3,214 |
2,342 |
10,767 |
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Number of Exchange-Traded Funds by Type |
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February 2001 |
January 2001 |
December 2000 |
Domestic (Broad-based) |
28 |
28 |
28 |
Domestic (Sector/Industry) |
29 |
28 |
27 |
Total Domestic |
57 |
56 |
55 |
Global/International |
25 |
25 |
25 |
All |
82 |
81 |
80 | Highlights: Assets of exchange-traded funds decreased $7.82 billion or 10.8 percent in February, reflecting the broad decline in domestic stock values. Net issuance of ETF shares increasedslowed to $3.21 billion from $2.34 billion. Fifty-seven ETFs tracked domestic stock indexes and had assets of $62.40 billion. Among the domestic ETFs, 28 used broad-based indexes and 29 targeted sector or industry indexes. The Institute offers answers to frequently asked questions about ETFs.
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