Exchange-Traded Fund Assets
August 2005Washington, DC, September 29, 2005 - The combined assets of the nation's exchange-traded funds (ETFs) were $251.49 billion in August, 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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August 2005 |
July 2005 |
December 2004 |
Total Domestic Equity Index |
191,179 |
195,226 |
184,045 |
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Domestic (Broad-based) |
164,821 |
168,625 |
163,730 |
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Domestic (Sector/Industry) |
26,357 |
26,601 |
20,315 |
Global/International Equity Index |
46,647 |
43,986 |
33,644 |
Bond Index |
13,664 |
13,109 |
8,516 |
All |
251,489 |
252,321 |
226,205 |
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Value of Shares Issued and Redeemed by All Exchange-Traded Funds
(millions of dollars) |
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August 2005 |
July 2005 |
YTD 2005 |
YTD 2004 |
Gross Issuance |
15,141 |
14,358 |
150,634 |
95,996 |
Gross Redemptions |
-15,183 |
-15,061 |
-132,316 |
-70.564 |
Net Issuance |
-41 |
-703 |
18,318 |
25,433 |
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Number of Exchange-Traded Funds by Type |
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August 2005 |
July 2005 |
December 2004 |
Total Domestic Equity Index |
121 |
119 |
102 |
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Domestic (Broad-Based) |
70 |
68 |
60 |
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Domestic (Sector/Industry) |
51 |
51 |
42 |
Global/International Equity Index |
48 |
46 |
43 |
Bond Index |
6 |
6 |
6 |
All |
175 |
171 |
151 | Highlights: Assets of all exchange-traded funds fell in August by $832 million, or 0.3 percent, to $251.49 billion. Equity index ETF assets decreased by $1.39 billion to $237.83 billion, while bond index ETF assets increased by $555 million to $13.66 billion. Assets of domestic equity ETFs decreased by $4.05 billion, and international equity ETF assets increased by $2.66 billion. During August, the value of all ETF shares redeemed exceeded that of shares issued by $41 million. The 121 ETFs that tracked domestic stock indexes in August held assets of $191.18 billion. Forty-eight ETFs tracked international equity indexes and held assets of $46.65 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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