ETFs Experience Record Inflows in December

January 29, 2004

Exchange-traded funds rake in $12.57 billion, according to latest data from Investment Company Institute.

Washington, DC - January 27, 2004 - The combined assets of the nation's exchange-traded funds (ETFs) were $150.98 billion in December 2003, according to the Investment Company Institute, the national association of the investment company industry.

Assets of all exchange-traded funds increased by $18.26 billion to $150.98 billion in December. Equity index ETF assets increased by $17.85 billion to $146.32 billion, while bond index ETF assets increased by $414 million to $4.67 billion. Assets of domestic equity ETFs increased by $15.81 billion, and international equity ETF assets increased by $2.04 billion.

During December, the value of all ETF shares issued exceeded that of shares redeemed by $12.57 billion. Equity index ETFs experienced a positive net issuance of $12.18 billion, while bond ETFs experienced a positive net issuance of $391 million. Gross issuance of all ETFs increased in December to $24.42 billion from $6.50 billion in November, and redemptions increased to $11.85 billion from $4.36 billion in November.

Seventy-two ETFs tracked domestic stock indexes in December and held assets of $132.33 billion. Forty-one ETFs tracked international equity indexes and held assets of $13.98 billion. And six ETFs tracked bond indexes.

 

 

Assets of Exchange-Traded Funds by Type (millions of dollars)
Dec-03
Nov-03
Dec-02
Total Domestic Equity Index
132,332
116,521
92,904
Domestic (Broad-based)
114,049
100,060
82,365
Domestic (Sector/Industry)
18,283
16,461
10,539
Global/International Equity Index
13,984
11,945
5,324
Bond Index
4,667
4,253
3,915
All
150,983
132,719
102,143

Source: ICI


Value of Shares Issued and Redeemed by All Exchange-Traded Funds (millions of dollars)
Dec-03
Nov-03
2003
2002
Gross Issuance
24,420
6,498
96,823
97,690
Gross Redemptions
11,851
4,360
81,013
52,388
Net Issuance
12,569
2,138
15,810
45,302

Source: ICI

 

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