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Investing January 25, 2005
ETF Assets Grow by 6.9% in December
January 25, 2005 (PLANSPONSOR.com) - The total
combined assets of the nation's exchange-traded funds (ETFs)
as of December were up 6.9% to $226.1 billion, according to
an Investment Company Institute (ICI) news release.
Reported by Kip McDaniel
Breaking this down, $184 billion is in domestic equity indices, while $37 billion sat in global/international equity indices. About $8.5 billion was in bond indices, according to the release. This is up from the November figures of $173 billion, $30 billion and $7.9 billion, respectively. The total assets in ETFs in November were $211 billion.
The gross issuance of shares in December was $19.5 billion, while the gross redemption was $10.7 billion, for a net issuance was $8.7 billion on the month.
The number of ETFs in the domestic equity market rose by one on the month, while one fund ETF was added in the global/international arena. No bond ETFs were added on the month.