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ETF Asset Data from the ICI for April 2003

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Exchange-traded fund assets continue to rise in the bear market, topping $110 billion in April, according to the latest figures released by the Investment Company Institute, the trade group for the mutual fund industry.

Assets Of Exchange-Traded Funds By Type (millions of dollars)
 
April 2003
March 2003
December 2002
Total Domestic Equity Index
101,548
92,004
92,904
Domestic (Broad-Based)
88,487
80,283
82,365
Domestic (Sector/Industry)
13,062
11,721
10,539
Global/International Equity Index
5,642
5,157
5,324
Bond Index
3,285
3,669
3,915
All
110,475
100,831
102,143
Source: Investment Company Institute

 

Value of Shares Issued and Redeemed by All Exchange-Traded Funds (millions of dollars)
 
April 2003
March 2003
YTD-03
YTD-02
Gross Issuance
6,632
10,296
23,663
22,950
Gross Redemptions
4,829
2,555
20,348
13,523
Net Issuance
1,803
7,740
3,315
9,427
Source: Investment Company Institute

 

Number of Exchange-Traded Funds by Type
 
April 2003
March 2003
December 2002
Total Domestic Equity Index
69
66
66
Domestic (Broad-Based)
38
35
35
Domestic (Sector/Industry)
31
31
31
Global/International Equity Index
41
40
39
Bond Index
8
8
8
All
118
114
113
Source: Investment Company Institute

ETF assets increased by nearly $10 billion to over $110 billion in April. Assets in ETFs tracking stock indexes increased by $10 billion to $107 billion, while bond index ETF assets decreased by $384 million to $3.29 billion. Assets of domestic equity ETFs increased by $9.54 billion, while international equity ETF assets gained $485 million for the month of April.

In April the value of all ETF shares issued exceeded that of shares redeemed by about $1.8 billion. Stock index ETFs experienced a positive net issuance of $2.23 billion, while bond ETFs were in the red with a negative net issuance of $422 million. Gross issuance of all ETFs decreased in April to $6.63 billion from $10.30 billion in March, and redemptions increased to $4.83 billion from $2.56 billion in March.

At last count, 69 ETFs tracked domestic stock indexes in April and held a lion's share of assets with over $101 billion. Forty-one ETFs tracked international equity indexes and held assets of $5.64 billion. There were eight bond ETFs in April, but provider ETF Advisors has announced plans to close four bond ETFs - Barclays Global investors offers four fixed-income iShares ETFs.