Assets of domestic ETFs increased by $4.77 billion during the month, while assets of international ETFs increased by $304 million.
An ETF is similar to a mutual fund but trades like a single stock. Like a mutual fund, an ETF is a basket of stocks, most typically reflecting a particular index, specific market or geographic sectors.
Gross issuance in October increased to $4.95 billion from $4.62 billion in September, but redemptions also increased ? from $2.89 billion in September to $4.09 billion last month.
Sixty-seven ETFs tracked domestic stock indexes in October and had assets of $67.17 billion. Among those domestic ETFs, 34 used broad-based indexes while 33 targeted sector or industry indexes.
Assets invested in exchange traded funds (ETF) totaled $64.35 billion at the close of September, down dramatically from $72.08 billion a month earlier (see ETF Assets Fall in September ).