Exchange-Traded Fund Assets
September 2002Washington, DC, October 24, 2002 - The combined assets of the nation's exchange-traded funds (ETFs) were $82.26 billion in September 2002, 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.
|
|
|
|
|
|
Assets of Exchange-Traded Funds by Type
(millions of dollars) |
| |
|
September 2002 |
August 2002 |
December 2001 |
Total Domestic Equity Index |
74,016 |
80,773 |
79,977 |
| |
Domestic (Broad-Based) |
66,383 |
72,053 |
71,774 |
| |
Domestic (Sector/Industry) |
7,633 |
8,720 |
8,202 |
Global/International Equity Index |
4,310 |
6,897 |
3,016 |
Bond Index |
3,934 |
3,613 |
--- |
All |
82,259 |
91,283 |
82,993 |
|
|
|
|
|
Value of Shares Issued And Redeemed by All Exchange-Traded Funds
(millions of dollars) |
| |
September 2002 |
August 2002 |
YTD-02 |
YTD-01 |
Gross Issuance |
5,974 |
6,783 |
65,825 |
57,372 |
Gross Redemptions |
5,521 |
3,586 |
32,710 |
33,092 |
Net Issuance |
453 |
3,196 |
33,115 |
24,280 |
|
|
|
|
|
Number of Exchange-Traded Funds by Type |
| |
September 2002 |
August 2002 |
December 2001 |
Total Domestic Equity Index |
68 |
68 |
68 |
| |
Domestic (Broad-Based) |
35 |
35 |
35 |
| |
Domestic (Sector/Industry) |
33 |
33 |
33 |
Global/International Equity Index |
34 |
34 |
34 |
Bond Index |
4 |
4 |
--- |
All |
106 |
106 |
102 | Highlights: Assets of all exchange-traded funds decreased by $9.02 billion to $82.26 billion in September 2002. Equity index ETF assets decreased by $9.35 billion to $78.33 billion, while bond index ETF assets increased by $321 million to $3.93 billion. Assets of domestic equity ETFs decreased by $6.76 billion, and international equity ETF assets decreased by $2.59 billion. During September, the value of all ETF shares issued exceeded that of shares redeemed by $453 million. Net issuance of all equity index ETFs equaled $215 million, while bond ETF net issuance was $238 million. Gross issuance of all ETFs decreased in September to $5.97 billion from $6.78 billion in August, and redemptions increased to $5.52 billion from $3.59 billion in August. Sixty-eight ETFs tracked domestic stock indexes in September and held assets of $74.02 billion. Thirty-four ETFs tracked international equity indexes and held assets of $4.31 billion. And four ETFs tracked bond indexes and held assets of $3.93 billion The Institute offers answers to frequently asked questions about ETFs.
|
