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IndexFunds.com Staff
ETF Asset Data from the ICI for April 2003
IndexFunds.com Staff
Friday, June 06, 2003
Exchange-traded fund assets continue to rise in the bear market, topping $110 billion in April, according to the latest figures released by the Investment Company Institute, the trade group for the mutual fund industry.
|
Assets Of Exchange-Traded Funds By Type (millions of dollars)
|
| |
April 2003
|
March 2003
|
December 2002
|
| Total Domestic Equity Index |
101,548
|
92,004
|
92,904
|
| Domestic (Broad-Based) |
88,487
|
80,283
|
82,365
|
| Domestic (Sector/Industry) |
13,062
|
11,721
|
10,539
|
| Global/International Equity Index |
5,642
|
5,157
|
5,324
|
| Bond Index |
3,285
|
3,669
|
3,915
|
| All |
110,475
|
100,831
|
102,143
|
Source: Investment Company Institute
|
Value of Shares Issued and Redeemed by All Exchange-Traded Funds (millions of dollars)
|
| |
April 2003
|
March 2003
|
YTD-03
|
YTD-02
|
| Gross Issuance |
6,632
|
10,296
|
23,663
|
22,950
|
| Gross Redemptions |
4,829
|
2,555
|
20,348
|
13,523
|
| Net Issuance |
1,803
|
7,740
|
3,315
|
9,427
|
Source: Investment Company Institute
|
Number of Exchange-Traded Funds by Type
|
| |
April 2003
|
March 2003
|
December 2002
|
| Total Domestic Equity Index |
69
|
66
|
66
|
| Domestic (Broad-Based) |
38
|
35
|
35
|
| Domestic (Sector/Industry) |
31
|
31
|
31
|
| Global/International Equity Index |
41
|
40
|
39
|
| Bond Index |
8
|
8
|
8
|
| All |
118
|
114
|
113
|
Source: Investment Company Institute
ETF assets increased by nearly $10 billion to over $110 billion in April. Assets in ETFs tracking stock indexes increased by $10 billion to $107 billion, while bond index ETF assets decreased by $384 million to $3.29 billion. Assets of domestic equity ETFs increased by $9.54 billion, while international equity ETF assets gained $485 million for the month of April.
In April the value of all ETF shares issued exceeded that of shares redeemed by about $1.8 billion. Stock index ETFs experienced a positive net issuance of $2.23 billion, while bond ETFs were in the red with a negative net issuance of $422 million. Gross issuance of all ETFs decreased in April to $6.63 billion from $10.30 billion in March, and redemptions increased to $4.83 billion from $2.56 billion in March.
At last count, 69 ETFs tracked domestic stock indexes in April and held a lion's share of assets with over $101 billion. Forty-one ETFs tracked international equity indexes and held assets of $5.64 billion. There were eight bond ETFs in April, but provider ETF Advisors has announced plans to close four bond ETFs - Barclays Global investors offers four fixed-income iShares ETFs.