Investing July 29, 2003

ICI: ETF Assets Expand To $121.57 Billion In June

July 29, 2003 (PLANSPONSOR.com) - Assets in exchange-traded funds (ETF) rose to $121.57 billion in June from $118.44 billion the previous month.
Reported by

ETFs saw total domestic equity index assets rise to $109.59 billion in June from $108.28 billion in May. Likewise, gains were seen in broad-based domestic ETFs, increasing to $95.04 billion from $94.27 billion, according to data supplied by the Investment Company Institute (ICI).

Keeping with the trend of expanding indices, all other fund types recorded an increase in total assets in June:

  • Domestic sector/industry – $14.54 billion, from $14 billion
  • Global/International – $8.12 billion, from $6.61 billion
  • Bond – $3.87 billion, from $3.55 billion

Additionally, the value of ETF shares issued in June exceeded that of shares redeemed by $3.45 billion.   The total number of ETFs remained steady at 114. 

Shares of exchange traded fund trade intraday on stock exchanges at market determined prices. Investors may buy or sell ETF shares through a broker just as they would the shares of any publicly traded company (See  Exchange-Traded Funds ).

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