ETFs Jump 5.2% in December

January 25, 2002 ( - The combined assets of the nation's exchange-traded funds (ETFs) were $82.99 billion at the end of December 2001, up 5.2% from the end of November, according to the Investment Company Institute (ICI).

Net issuance of ETF shares increased to $3.6 billion in December, up 5.9% from $2.52 billion the previous month. Gross issuance skyrocketed 51% to $8.4 billion in December, up from $5.5 billion in November, while redemptions increased to $4.82 billion from $3.29 billion.  

By Sector

Broad-based domestic equity ETF assets jumped to $71.77 billion at the end of December, compared to the $68.52 at the end of November, while domestic sector funds were up slightly to $8.2 billion from $7.74 billion a month earlier. Global funds were up to $3 billion from $2.58 billion over the period.

The ICI report includes 35 broad-based domestic equity ETFs, 33 domestic sector focused funds, and 34 global ETFs.

Statistics contained in the monthly ETF report have been obtained from information provided to ICI by ETFs. Trust-issued receipts, such as Holding Company Depository Receipts (HOLDRS), are not included in the report because registered investment companies do not issue them.