The Markets December 29, 2006
ICI: ETF Assets Grow to $396B in November
The total combined assets of the nation's exchange-traded funds (ETFs) climbed 3.5% to $396.73 billion in November, according to an Investment Company Institute (ICI) news release.
Reported by Adrien Martin
During the month, ETFs grew by $274.7 billion, up from a $268 billion increase in October. Of that amount, $229.9 billion was in Domestic (broad-based) funds, and $44.8 billion was in Domestic (Sector/Industry) funds, according to the ICI data.
Meanwhile, assets in Global/International Equity Index funds were up $95.3 billion in October to $101.7 billion, and assets in Bond Index funds rose from $19.9 billion to $20.2 billion.
During November, the value of all ETF shares issued exceeded that of shares redeemed by $3.09 billion, far less that the $19.8 billion reported in October. In 2006, ETFs have experienced a net issuance of $56.98 billion.
The total number of ETFs increased by 18 in November over October, ICI said.
Over the past 12 months, ETF assets increased $107.8 billion, or 37.3%, ICI data showed. Assets in domestic equity ETFs increased $60.63 billion since November 2005, and global equity ETF assets hiked $42.5 billion during that period.
The full ICI report is here.
Meanwhile, assets in Global/International Equity Index funds were up $95.3 billion in October to $101.7 billion, and assets in Bond Index funds rose from $19.9 billion to $20.2 billion.
During November, the value of all ETF shares issued exceeded that of shares redeemed by $3.09 billion, far less that the $19.8 billion reported in October. In 2006, ETFs have experienced a net issuance of $56.98 billion.
The total number of ETFs increased by 18 in November over October, ICI said.
Over the past 12 months, ETF assets increased $107.8 billion, or 37.3%, ICI data showed. Assets in domestic equity ETFs increased $60.63 billion since November 2005, and global equity ETF assets hiked $42.5 billion during that period.
The full ICI report is here.
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