ETF Assets Shrink in August

September 25, 2001( - The combined assets of the nation's exchange-traded funds (ETFs) fell by 4.5% in August to $72.09 billion at month-end, down from a $75.52 billion at the end of July, according to the Investment Company Institute.

Net issuance of ETF shares increased to $2.68 billion from $2.58 billion the previous month. Gross issuance fell to $5.42 billion from $5.62 billion in July, while redemptions fell to $2.74 billion from $3.03 billion.  

By Sector

Broad-based domestic equity ETF assets fell to $63.24 billion at the end of August, compared to the $67,03 level recorded at the end of the previous month, while domestic sector/industry funds were up slightly to $6.75 billion from $6.65 billion in July.

Global/international ETFs also climbed slightly, to $2.09 billion from $1.84 billion the prior month.

The ICI report includes 33 broad-based domestic equity ETFs, 33 domestic sector/industry focused funds, and 26 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