Assets of domestic ETFs increased by $9.08 billion during the month, while assets of international ETFs increased by $333 million. In October assets invested in ETFs had risen 7.8% to total $69.42 billion (see ETF Asset Growth Overcomes October Redemptions )
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 November increased to $5.56 billion from $4.95 billion in October, while redemptions fell – from $4.09 billion in October to $3.3 billion last month.
Sixty-seven ETFs tracked domestic stock indexes in November and had assets of $76.27 billion. Among those domestic ETFs, 34 used broad-based indexes while 33 targeted sector or industry indexes.
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