That marked a notable turnaround from February’s near
Net issuance of ETF shares rose to $8.94 billion from $3.21 billion in February, according to the Investment Company Institute (ICI). Gross issuance rose to $12.33 billion from $6.17 billion in February, while redemptions increased to $3.40 billion from $2.96 billion.
Broad-based domestic equity ETF assets rose to $58.822 billion at the end of March, from a revised $56.879 billion last month, while domestic sector/industry funds were down slightly to $5.407 billion from $5.549 billion in February.
Global/international ETFs also slipped somewhat, to $1.8 billion from $1.915 billion the prior month.
The ICI report includes 28 broad-based domestic equity ETFs, 30 domestic sector/industry focused funds, and 25 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.