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Investing April 27, 2001
ETFs Bounce Back from Slump in March
April 27, 2001 (PLANSPONSOR.com) - The combined
assets of the nation's exchange-traded funds (ETFs) rose 2.6%
in March to $66.03 billion at month-end, up from a revised
$64.34 billion at the end of February.
Reported by Nevin E. Adams
That marked a notable turnaround from February’s near
11% slump.
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.
Sector Slump
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.