Exchange-Traded Fund Assets
July 2001 Washington, DC, August 23, 2001 - The combined assets of the nation's exchange-traded funds (ETFs) were $75.52 billion at the end of July 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.
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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. Assets of Exchange-Traded Funds by Type
(millions of dollars) |
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July 2001 |
June 2001 |
May 2001 |
Domestic (Broad-based) |
67,028 |
66,921 |
63,763 |
Domestic (Sector/Industry) |
6,650 |
6,721 |
7,091 |
Total Domestic |
73,678 |
73,643 |
70,854 |
Global/International |
1,842 |
1,917 |
1,919 |
All |
75,520 |
75,560 |
72,773 |
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Value of Shares Issued by All Exchange-Traded Funds
(millions of dollars) |
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July 2001 |
June 2001 |
May 2001 |
Gross Issuance |
5,615 |
7,235 |
4,049 |
Gross Redemptions |
3,037 |
3,807 |
4,297 |
Net Issuance |
2,578 |
3,428 |
-248 |
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Number of Exchange-Traded Funds by Type |
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July 2001 |
June 2001 |
May 2001 |
Domestic (Broad-based) |
33 |
30 |
30 |
Domestic (Sector/Industry) |
33 |
30 |
30 |
Total Domestic |
66 |
60 |
60 |
Global/International |
25 |
25 |
25 |
All |
91 |
85 |
85 | Highlights: Assets of exchange-traded funds decreased by $40 million in July. The value of shares issued exceeded that of shares redeemed by $2.58 billion in July. Gross issuance in July decreased to $5.62 billion from $7.24 billion in June, and redemptions in July slowed to $3.04 billion from $3.81 billion in June. Sixty-six ETFs tracked domestic stock indexes in July and had assets of $73.68 billion. Among the domestic ETFs, 33 used broad-based indexes and 33 targeted sector or industry indexes. The Institute offers answers to frequently asked questions about ETFs.
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