Research

Estimated ETF Net Issuance

Washington, DC; May 18, 2021—The estimated value of all exchange-traded fund1 (ETF) shares issued exceeded that of shares redeemed by $22.80 billion for the week ended May 12, 2021, 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
  5/12/2021 5/5/2021 4/28/2021 4/21/2021 4/14/2021
Equity 18,235 14,783 7,676 9,476 10,492
     Domestic 12,675 12,866 3,422 5,953 6,080
     World 5,560 1,917 4,254 3,522 4,412
Hybrid 78 146 158 56 286
Bond 3,423 1,475 8,046 7,260 5,947
     Taxable 3,113 1,189 7,257 6,810 5,442
     Municipal 309 285 789 450 505
Commodity 1,066 550 119 -161 -498
Total 22,802 16,954 15,999 16,630 16,226

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 net issuance of $18.23 billion for the week, compared to estimated net issuance of $14.78 billion in the previous week. Domestic equity ETFs had estimated net issuance of $12.68 billion, and world equity ETFs had estimated net issuance of $5.56 billion.

Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $78 million for the week, compared to estimated net issuance of $146 million in the previous week.

Bond ETFs2 had estimated net issuance of $3.42 billion for the week, compared to estimated net issuance of $1.47 billion during the previous week. Taxable bond ETFs saw estimated net issuance of $3.11 billion, and municipal bond ETFs had estimated net issuance of $309 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 $1.07 billion for the week, compared to estimated net issuance of $550 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 one of the email addresses above.

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.