Exchange-Traded Fund Assets
January 2008Washington, DC, February 29, 2008 - The combined assets of the nation's exchange-traded funds (ETFs) were $568.73 billion in January, according to ICI. 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 and commodity funds. Commodity funds are listed in the Domestic (Sector/Industry) category. A detailed breakdown of the monthly ETF data is available on our website at http://members.ici.org/stats/etfdata.xls
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Assets of Exchange-Traded Funds by Type
(millions of dollars)
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January 2008 |
December 2007 |
January 2007 |
Total Domestic Equity Index |
370,001 |
393,953 R |
295,838 |
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Domestic (Broad-based) |
274,190 |
300,930 |
233,935 |
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Domestic (Sector/Industry) |
95,811 |
93,023 R |
61,903 |
Global/International Equity Index |
160,862 |
179,702 |
114,292 |
Hybrid Index |
119 |
119 |
-* |
Bond Index |
37,743 |
34,648 |
20,949 |
All |
568,725 |
608,422 |
431,078 | * Hybrid Index funds are a new product with the first funds launched in October 2007.
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Value of Shares Issued and Redeemed by All Exchange-Traded Funds
(millions of dollars)
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January 2008 |
December 2007 |
2007 |
2006 |
Gross Issuance |
124,674 |
142,342 |
1,055,484 |
456,614 |
Gross Redemptions |
129,108 |
97,828 R |
904,827 |
382,627 |
Net Issuance |
-4,434 |
44,515 |
150,657 |
73,987 |
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Number of Exchange-Traded Funds by Type
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January 2008 |
December 2007 |
January 2007 |
Total Domestic Equity Index |
420 |
416 |
308 |
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Domestic (Broad-Based) |
198 |
197 |
139 |
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Domestic (Sector/Industry) |
222 |
219 |
169 |
Global/International Equity Index |
160 |
159 |
87 |
Hybrid Index |
5 |
5 |
-* |
Bond Index |
50 |
49 |
14 |
All |
635 |
629 |
409 | * Hybrid Index funds are a new product with the first funds launched in October 2007. Highlights: Assets of all exchange-traded funds fell in January by $39.70 billion, or 6.5 percent, to $568.73 billion. Over the past 12 months, ETF assets increased $137.65 billion, or 31.9 percent. Assets in domestic equity ETFs increased $74.16 billion since January 2007, and global equity ETFs assets rose $46.57 billion during this period. Assets of bond index funds were $37.74 billion and hybrid index funds were $119 million. During January, the value of all ETF shares issued fell short of shares redeemed by $4.43 billion. In January 2007, ETFs experienced a net issuance of $3.01 billion.
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