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ETF Assets Decline in January

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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.

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:]
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.

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