Increases were noted in the broad-based ETFs, which went up to $91.03 billion in September from $89.27 billion in August (See ETF Assets Increase to $117.38 in August ). Further, even though sector/industry ETFs were down slightly to $15.15 billion from $15.18 billion, the total domestic equity index managed to gain ground in September, up to a total asset amount of $106.18 billion from $104.45 the month before, according to data supplied by the Investment Company Institute (ICI).
Results among the other indices were mixed. The Global/International Equity Index saw a net inflow of assets, ending September at $9.37 billion from $8.51 billion in August. Conversely, the Bond ETF index recorded a net asset outflow, closing September at $4.21 billion from $4.32 billion in the previous month.
Additionally, the value of ETF shares issued in September exceeded that of shares redeemed by $4.02 billion. The total number of ETFs was up by one to 115.
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 ).
« Sunset Years Anticipated North of the Border