ETF Assets Dip in January
The value of shares issued exceeding that of shares redeemed by $256 million, with gross issuance falling to $4.77 billion in January, down from $8.43 billion in December while redemptions fell to $4.52 billion from $4.82 billion.
Broad-based domestic equity ETF assets dropped to $70.61 billion at the end of January, from a December total of $71.77 billion, while domestic sector/industry funds were up to $8.43 billion, from $8.20 billion in December. Global/international ETFs slipped somewhat, to $2.96 billion from $3.01 billion a month earlier.
The ICI report includes 35 broad-based domestic equity ETFs, 33 domestic sector/industry focused funds, and 34 global/internationally-oriented ETFs.
Statistics contained in the monthly ETF report have been obtained from information provided to ICI by exchange-traded funds. Trust-issued receipts, such as Holding Company Depository Receipts (HOLDRS), are not included in the report because registered investment companies do not issue them.
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.
Read more about Exchange Traded Funds
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