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Harry Markowitz - Portfolio Theory Vs. Financial Engineering, and Their Roles in Financial Crises

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ETF Total Assets Top $90 Billion

IndexFunds.com Staff
Thursday, June 20, 2002

The total assets of all exchange-traded funds that trade in the U.S. rose to $92.86 billion in May 2002, according to the Investment Company Institute, the mutual fund industry's trade group. Total ETF assets increased by $7 million in May, with domestic funds gaining nearly $4 billion while international assets jumped over $3 billion during the month.

According to the ICI's monthly ETF totals, May marks the first time ETF assets have cleared the $90 billion plateau. In May, Barclays Global Investors also reported that an unknown institutional investor plunked down $2.3 billion in the iShares MSCI EAFE.

ETF asset growth by fund type (in millions of dollars)
ETF category
May 2002
April 2002
December 2001
Broad-based domestic
76,557
72,484
71,774
Sector domestic
9,143
9,253
8,202
Total Domestic
85,700
81,737
79,977
International/Global
7,163
4,123
3,016
All
92,863
85,859
82,993

Source: Investment Company Institute, figures don't include HOLDRs

The graphic below shows total monthly ETF asset growth from September 2000 through May 2002.


Source
: ICI monthly ETF asset data


There are currently 102 ETFs trading in the U.S. - 35 domestic broad-based, 33 domestic sector, and 34 global/international funds.


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