Exchange-Traded Fund Assets
December 2005Washington, DC, January 26, 2006 - The combined assets of the nation's exchange-traded funds (ETFs) were $296.02 billion in December, according to ICI, 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. 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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December 2005 |
November 2005 |
December 2004 |
Total Domestic Equity Index |
215,807 |
214,127 |
184,045 |
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Domestic (Broad-based) |
186,800 |
184,667R |
163,730 |
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Domestic (Sector/Industry) |
29,008 |
29,461R |
20,315 |
Global/International Equity Index |
65,210 |
59,795 |
33,644 |
Bond Index |
15,004 |
15,030 |
8,516 |
All |
296,022 |
288,953 |
226,205 | R=Revised
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Value of Shares Issued and Redeemed by All Exchange-Traded Funds
(millions of dollars) |
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December 2005 |
November 2005 |
2005 |
2004 |
Gross Issuance |
33,353 |
29,805 |
267,243 |
156,683 |
Gross Redemptions |
27,460 |
15,038 |
213,372 |
101,662 |
Net Issuance |
5,893 |
14,767 |
53,871 |
55,021 | R=Revised
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Number of Exchange-Traded Funds by Type |
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December 2005 |
November 2005 |
December 2004 |
Total Domestic Equity Index |
146 |
141 |
102 |
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Domestic (Broad-Based) |
80 |
78R |
60 |
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Domestic (Sector/Industry) |
66 |
63R |
42 |
Global/International Equity Index |
49 |
49 |
43 |
Bond Index |
6 |
6 |
6 |
All |
201 |
196 |
151 | R=Revised Highlights: Assets of all exchange-traded funds rose in December by $7.07 billion, or 2.4 percent, to $296.02 billion. In 2005, ETF assets increased $69.82 billion, or nearly 31 percent. In December, equity index ETF assets increased by $7.10 billion to $281.02 billion, while bond index ETF assets decreased by $26 million to $15.00 billion. Assets of domestic equity ETFs increased by $1.68 billion, and international equity ETF assets increased by $5.42 billion. During December, the value of all ETF shares issued exceeded that of shares redeemed by $5.89 billion. For the year, ETFs experienced a total net issuance of $53.87 billion, down slightly from $55.02 billion in 2004. Overall, there were 201 ETFs. The 146 ETFs that tracked domestic stock indexes in December held assets of $215.81 billion. Forty-nine ETFs tracked international equity indexes and held assets of $65.21 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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