Investing July 28, 2008

ETF Assets Drop in June

July 28, 2008 (PLANSPONSOR.com) - The combined assets of the nation's exchange-traded funds (ETFs) were $578.07 billion in June, dropping 5.3%, according to the Investment Company Institute (ICI).
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That was a reversal of the trend in May, where ETF assets rose by 2.4% (see  Exchange-Traded Fund Assets Up 25.7% in 12 Months ).   Even with that reversal, over the past 12 months, ETF assets increased $92.14 billion, or 19.0%, according to the ICI.   Assets in domestic equity ETFs increased $53.45 billion since June 2007, and global equity ETFs assets rose $19.33 billion during this period.  

Assets in domestic equity ETFs increased $53.45 billion since June 2007, and global equity ETFs assets rose $19.33 billion during this period. Assets of bond funds were $45.09 billion and hybrid funds were $176 million.

During June, the value of all ETF shares issued exceeded that of shares redeemed by $10.34 billion. In June 2007, ETFs experienced a net issuance of $5.30 billion.

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