The Markets February 29, 2008

ETF Assets Fall in January

Assets of all exchange-traded funds (ETFs) fell in January by $39.70 billion, or 6.5%, to $568.73 billion, according to data from the Investment Company Institute (ICI).
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During January, the value of all ETF shares issued fell short of shares redeemed by $4.43 billion.

Assets in Domestic Equity ETFs decreased to $370 million from $394 million during the month, while Global/International Equity ETFs saw assets decrease from $301 million to $274 million.

Assets in Hybrid ETFs remained the same, and Bond ETF assets increased from $35 million in December to nearly $38 million in January.

Over the past 12 months, ETF assets increased $137.65 billion, or 31.9%, ICI data showed. Assets in domestic equity ETFs increased $74.16 billion since January 2007, and global equity ETFs assets rose $46.57 billion during this period.

The ICI data is located here.

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