The increase for the month was smaller than February’s $3.7 billion intake (See ICI: ETFs Gain $3.7B in February ) and increases were noted in the smaller two of the three ETF indices during the month. The sole decreasing index was the Total Domestic Equity Index which decreased by $668 million in assets in March to close at $135.57 billion. Both the Global/International Equity Index and the Bond Index increased for the month, adding $2.2 billion and $643 million to close at $20.05 billion and $6.08 billion, respectively.
Additionally, the value of ETF shares issued in February exceeded that of shares redeemed by $3.61 billion. The total number of ETFs increased from 132 to 134 in March.
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 Black Box: Exchange-Traded Funds ).
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