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Assets in Broad U.S. Index ETFs Jump in May

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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.

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

 

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

 

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
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.