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![IndexFunds.com Staff]( "IndexFunds.com Staff")
IndexFunds.com Staff
Assets in Broad U.S. Index ETFs Jump in May
IndexFunds.com Staff
Tuesday, July 01, 2003
The total combined assets of the 114 U.S. exchange-traded funds were $118.44 billion in May, according to the latest data from Investment Company Institute, the national association of the investment company industry.
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Assets of Exchange-Traded Funds by Type (millions of dollars)
|
| |
May-03
|
Apr-03
|
Dec-02
|
| Total Domestic Equity Index |
108,275
|
101,548
|
92,904
|
| Domestic (Broad-based) |
94,271
|
88,487
|
82,365
|
| Domestic (Sector/Industry) |
14,004
|
13,062
|
10,539
|
| Global/International Equity Index |
6,614
|
5,642
|
5,324
|
| Bond Index |
3,545
|
3,285
|
3,915
|
| All |
118,435
|
110,475
|
102,143
|
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Value of Shares Issued and Redeemed by All Exchange-Traded Funds (millions of dollars)
|
| |
May-03
|
Apr-03
|
YTD-03
|
YTD-02
|
| Gross Issuance |
4,850
|
6,632
|
28,513
|
35,647
|
| Gross Redemptions |
3,765
|
4,829
|
24,114
|
17,312
|
| Net Issuance |
1,085
|
1,803
|
4,400
|
18,335
|
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Number of Exchange-Traded Funds by Type
|
| |
May-03
|
Apr-03
|
Dec-02
|
| Total Domestic Equity Index |
69
|
69
|
66
|
| Domestic (Broad-Based) |
38
|
38
|
35
|
| Domestic (Sector/Industry) |
31
|
31
|
31
|
| Global/International Equity Index |
41
|
41
|
39
|
| Bond Index |
4
|
8
|
8
|
| All |
114
|
118
|
113
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Source for all: Investment Company Institute
Assets of all exchange-traded funds increased by $7.96 billion to $118.44 billion in May, according to the ICI. Equity index ETF assets increased by $7.70 billion to $114.89 billion, while bond index ETF assets increased by $260 million to $3.55 billion. Assets of domestic equity ETFs increased by $6.73 billion, and international equity ETF assets increased by $972 million.
During May, the value of all ETF shares issued exceeded that of shares redeemed by $1.09 billion. Equity index ETFs experienced a positive net issuance of $910 million, while bond ETFs experienced a positive net issuance of $175 million. Gross issuance of all ETFs decreased in May to $4.85 billion from $6.63 billion in April, and redemptions decreased to $3.77 billion from $4.83 billion in April.
Sixty-nine ETFs tracked domestic stock indexes in May and held assets of $108.28 billion. Forty-one ETFs tracked international equity indexes and held assets of $6.61 billion, while four ETFs tracked bond indexes.
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