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Release: Estimated ETF Net Issuance

Estimated ETF Net Issuance

Washington, DC; January 25, 2022—The estimated value of all exchange-traded fund1 (ETF) shares redeemed exceeded that of shares issued by $2.08 billion for the week ended January 19, 2022, the Investment Company Institute reported today. In addition to this report, ICI will also be publishing long-term mutual fund flows and a report that combines data for ETFs and mutual funds, available on the ICI website.

ETF Estimated Net Issuance
Millions of dollars
  1/19/2022 1/12/2022 1/5/2022 12/29/2021 12/22/2021  
Equity -806 21,569 18,058 13,211 7,725  

Domestic

-5,242 15,052 15,039 10,635 2,758  

World

4,436 6,517 3,019 2,576 4,967  
Hybrid 70 -9 150 123 157  
Bond -1,732 -1,906 1,879 5,215 5,284  

Taxable

-1,734 -2,366 1,612 4,626 4,476  

Municipal

1 460 268 588 808  
Commodity 388 42 757 334 -753  
Total -2,080 19,695 20,844 18,882 12,413  

Note: Components may not add to the total because of rounding. Includes funds not registered under the Investment Company Act of 1940.

Equity ETFs2 had estimated negative net issuance of $806 million for the week, compared to estimated net issuance of $21.57 billion in the previous week. Domestic equity ETFs had estimated negative net issuance of $5.24 billion, and world equity ETFs had estimated net issuance of $4.44 billion.

Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $70 million for the week, compared to estimated negative net issuance of $9 million in the previous week.

Bond ETFs2 had estimated negative net issuance of $1.73 billion for the week, compared to estimated negative net issuance of $1.91 billion during the previous week. Taxable bond ETFs saw estimated negative net issuance of $1.73 billion, and municipal bond ETFs had estimated net issuance of $1 million.

Commodity ETFs2—which are ETFs (both registered and not registered under the Investment Company Act of 1940) that invest primarily in commodities, currencies, and futures—had estimated net issuance of $388 million for the week, compared to estimated net issuance of $42 million during the previous week.

If you have any questions or would like to request additional comments on this or data on another topic, please contact a member of ICI’s Media Relations team at 202-371-5413 or icipubcomm@ici.org.

Notes: Weekly ETF net issuance are estimates that represent industry totals. Actual net issuance data are collected on a monthly basis and are reported in ICI’s “Monthly Exchange-Traded Fund Data”; therefore, there are differences between these weekly estimates and the monthly net issuance. Data for previous weeks may reflect revisions because of data adjustments, reclassifications, and changes in the number of ETFs reporting. Historical flow data are available on the ICI website.

ENDNOTES

1 Data for ETFs that invest primarily in other ETFs were excluded from the series.

2 ICI classifies ETFs based on language in the fund prospectus. For a detailed description of ICI classifications, please see ICI ETF Investment Objective Definitions.