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IndexFunds.com Staff
ETF Total Assets Top $90 Billion
IndexFunds.com Staff
Thursday, June 20, 2002
The total assets of all exchange-traded funds that trade in the U.S. rose to $92.86 billion in May 2002, according to the Investment Company Institute, the mutual fund industry's trade group. Total ETF assets increased by $7 million in May, with domestic funds gaining nearly $4 billion while international assets jumped over $3 billion during the month.
According to the ICI's monthly ETF totals, May marks the first time ETF assets have cleared the $90 billion plateau. In May, Barclays Global Investors also reported that an unknown institutional investor plunked down $2.3 billion in the iShares MSCI EAFE.
|
ETF asset growth by fund type (in millions of dollars)
|
| ETF category |
May 2002
|
April 2002
|
December 2001
|
| Broad-based domestic |
76,557
|
72,484
|
71,774
|
| Sector domestic |
9,143
|
9,253
|
8,202
|
| Total Domestic |
85,700
|
81,737
|
79,977
|
| International/Global |
7,163
|
4,123
|
3,016
|
| All |
92,863
|
85,859
|
82,993
|
Source: Investment Company Institute, figures don't include HOLDRs
The graphic below shows total monthly ETF asset growth from September 2000 through May 2002.
Source: ICI monthly ETF asset data
There are currently 102 ETFs trading in the U.S. - 35 domestic broad-based, 33 domestic sector, and 34 global/international funds.