Exchange-Traded Fund Assets
February 2005Washington, DC, March 29, 2005 - The combined assets of the nation's exchange-traded funds (ETFs) were $223.86 billion in February, 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 2005 |
January 2005 |
December 2004 |
Total Domestic Equity Index |
175,623 |
179,444 |
184,045 |
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Domestic (Broad-based) |
154,128 |
159,893 |
163,730 |
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Domestic (Sector/Industry) |
21,495 |
19,551 |
20,315 |
Global/International Equity Index |
38,113 |
34,045 |
33,644 |
Bond Index |
10,123 |
9,402 |
8,516 |
All |
223,859 |
222,891 |
226,205 |
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Value of Shares Issued and Redeemed by All Exchange-Traded Funds
(millions of dollars) |
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February 2005 |
January 2005 |
YTD 2005 |
YTD 2004 |
Gross Issuance |
12,467 |
14,361 |
26,827 |
20,775 |
Gross Redemptions |
-16,958 |
-11,370 |
-28,328 |
-16,866 |
Net Issuance |
-4,491 |
2,990 |
-1,501 |
3,909 |
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Number of Exchange-Traded Funds by Type |
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February 2005 |
January 2005 |
December 2004 |
Total Domestic Equity Index |
103 |
103 |
102 |
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Domestic (Broad-based) |
61 |
61 |
60 |
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Domestic (Sector/Industry) |
42 |
42 |
42 |
Global/International Equity Index |
43 |
43 |
43 |
Bond Index |
6 |
6 |
6 |
All |
152 |
152 |
151 | Highlights: Assets of all exchange-traded funds rose by $968 million, or 0.4 percent, to $223.86 billion in February. Equity index ETF assets increased by $247 million to $213.74 billion, while bond index ETF assets increased by $721 million to $10.12 billion. Assets of domestic equity ETFs decreased by $3.82 billion, and international equity ETF assets increased by $4.07 billion. During February, the value of all ETF shares redeemed exceeded that of shares issued by $4.49 billion. Equity index ETFs experienced a negative net issuance of $5.31 billion, while bond ETFs experienced a positive net issuance of $815 million. Gross issuance of all ETFs decreased in February to $12.47 billion from $14.36 billion in January, and redemptions increased to $16.96 billion from $11.37 billion in January. The 103 ETFs that tracked domestic stock indexes in February held assets of $175.62 billion. Forty-three ETFs tracked international equity indexes and held assets of $38.11 billion. And six ETFs tracked bond indexes. This website includes a section devoted to statistics on exchange-traded funds and other investment companies.
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