ETF Assets Edged Up In July
ICI notes $10 billion increase in single month
By Standard & Poor's
The combined assets of the nation's exchange-traded funds (ETFs) increased to $252.3 billion at the end of July, from $242.7 billion at the end of June, according to data released today by the Investment Company Institute (ICI).
ETF assets totaled $226.2 billion at the end of December 2004.
At the end of July, 171 ETFs were in operation, same as in the prior month. Of that total, 119 ETFs tracked domestic stock indexes and held assets of $195.2 billion. Forty-six ETFs tracked global/international equity indexes and held assets of $44.0 billion. Another six ETFs tracked bond indexes, holding assets of $13.1 billion.
The ICI also noted that assets of domestic equity ETFs increased by $5.7 billion, while international equity ETF assets rose by $3.3 billion.
In addition, the value of all ETF shares redeemed exceeded that of shares issued by $703 million. Equity index ETFs experienced a negative net issuance of $1.6 billion, while bond ETFs experienced a positive net issuance of $891 million.
Net issuance, which is gross issuance minus redemptions, is roughly equivalent to the unit of net new cash flow that is used for conventional mutual funds.
Below is a list of the five largest ETFs.*
|
ETF |
Assets as of 7/29/05 (In billions) |
One-Year Returns Through 7/29/05 (%) |
|
S&P Dep Receipts (SPY) |
$49.4 |
+13.9 |
|
Nasdaq-100 Trust Ser 1 (QQQQ) |
$19.8 |
+13.8 |
|
iShares MSCI EAFE Index Tr (EFA) |
$17.7 |
+20.6 |
|
iShares S&P 500 Index Trust (IVV) |
$13.8 |
+14.0 |
|
S&P MidCap Dep Receipts (MDY) |
$8.1 |
+25.6 | *Source: Standard & Poor's.
|
