Exchange-Traded Fund Assets
April 2001Washington, DC, May 24, 2001 - The combined assets of the nation's exchange-traded funds (ETFs) were $73.33 billion at the end of April 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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April 2001 |
March 2001 |
February 2001 |
Domestic (Broad-based) |
64,717 |
58,799R |
56,879 |
Domestic (Sector/Industry) |
6,696 |
5,407 |
5,549 |
Total Domestic |
71,413 |
64,205R |
62,428 |
Global/International |
1,917 |
1,800 |
1,915 |
All |
73,330 |
66,006R |
64,343 | R=revised data
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Value of Shares Issued by All Exchange-Traded Funds
(millions of dollars) |
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April 2001 |
March 2001 |
February 2001 |
Gross Issuance |
5,595 |
12,338R |
6,174 |
Gross Redemptions |
5,948 |
3,424R |
2,960 |
Net Issuance |
-353 |
8,914R |
3,214 | R=revised data
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Number of Exchange-Traded Funds by Type |
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April 2001 |
March 2001 |
February 2001 |
Domestic (Broad-based) |
29 |
28 |
28 |
Domestic (Sector/Industry) |
30 |
30 |
29 |
Total Domestic |
59 |
58 |
57 |
Global/International |
25 |
25 |
25 |
All |
84 |
83 |
82 |
Highlights: Assets of exchange-traded funds increased $7.32 billion or 11.1 percent in April. The value of shares redeemed exceeded that of shares issued by $353 million in April. In March, net issuance (the difference between gross issuance and redemptions) was $8,914 million. Gross issuance decreased to $5.60 billion from $12.34 billion in March, and redemptions increased to $5.95 billion from $3.42 billion. Fifty-nine ETFs tracked domestic stock indexes and had assets of $71.41 billion. Among the domestic ETFs, 29 used broad-based indexes and 30 targeted sector or industry indexes.
The Institute offers answers to frequently asked questions about ETFs.
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