ETFs saw total domestic equity index assets rise to $92 billion in March from $83.80 billion in February. Broad-based domestic ETFs saw an increase to $80.28 billion from $73.35 billion in February, while sector/industry domestic ETFs continued to gain assets, increasing their asset base to $11.72 billion, according to data supplied by the Investment Company Institute (ICI).
Otherwise, decreases were seen in global/international ETFs, dropping-off to $5.16 billion from February’s $5.20 billion and bond ETFs fell to $3.67 billion from $3.83 billion.
Further, the value of ETF shares issued in March exceeded that of shares redeemed by $7.74 billion. The total number of ETFs remained steady at 114.
Shares of an 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.