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![IndexFunds.com Staff]( "IndexFunds.com Staff")
IndexFunds.com Staff
ETF Assets Decline in January
IndexFunds.com Staff
Thursday, February 27, 2003
The combined assets of the nation's exchange-traded funds (ETFs) were $95.66 billion in January, according to the Investment Company Institute, falling from a December 2002 high of over $102 billion.
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Assets of Exchange-traded Funds by Type (millions of dollars)
|
| |
Jan-03
|
Dec-02
|
Jan-02
|
| Total Domestic Equity Index |
86,867
|
92,904
|
79,053
|
| Domestic (Broad-based) |
76,458
|
82,365
|
70,624
|
| Domestic (Sector/Industry) |
10,409
|
10,539
|
8,430
|
| Global/International Equity Index |
5,108
|
5,324
|
2,955
|
| Bond Index |
3,689
|
3,915
|
--
|
| All |
95,663
|
102,143
|
82,009
|
Source: Investment Company Institute[/:Author:]
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Value of Shares Issued and Redeemed by All Exchange-traded Funds (millions of dollars)
|
| |
Jan-03
|
Dec-02
|
YTD-03
|
YTD-02
|
| Gross Issuance |
3,283
|
9,976
|
3,283
|
4,777
|
| Gross Redemptions |
7,525
|
10,425
|
7,525
|
4,515
|
| Net Issuance |
-4,242
|
-449
|
-4,242
|
262
|
Source: Investment Company Institute
For rough comparison's sake, the table below shows retail and institutional assets in equity and fixed-income index funds from data released by the ICI in November 2002.
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Retail Index Funds ($ Thousands)
|
| Total Assets in Retail Index Funds |
$220,405,988
|
| Percentage of All Retail Funds |
5.9%
|
| Total Assets in Retail Index Funds Equity |
$191,155,111
|
| Percentage of All Retail Funds Equity |
7.6%
|
| Total Assets in Retail Index Funds Bond |
$24,549,951
|
| Percentage of All Retail Funds Bond |
2.9%
|
|
Institutional ($ Thousands)
|
| Total Assets in Institutional Index Funds |
$78,744,086
|
| Percentage of All Institutional Funds |
13.2%
|
| Total Assets in Institutional Index Funds Equity |
$66,752,203
|
| Percentage of All Institutional Funds Equity |
21.2%
|
| Total Assets in Institutional Index Funds Bond |
$11,411,764
|
| Percentage of All Institutional Funds Bond |
4.4%
|
Source: ICI data as of November 30,2002
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