The Markets January 2, 2008

ETF Assets Take a Fall in November

Assets of all exchange-traded funds (ETFs) fell in November by $16.05 billion, or 2.7%, to $572.12 billion, according to data from the Investment Company Institute (ICI).

Reported by

Rebecca Moore

Assets in Domestic Equity Index funds fell by $10.09 billion in November, while assets in Global/International Equity Index funds fell $7.89 billion. Hybrid Index fund assets were up $18 thousand for the month, and Bond Index funds increased by nearly $2 billion.

Assets of bond index funds were $32.94 billion and hybrid index funds were $111 million as of the end of November.

Over the past 12 months, ETF assets increased $161.05 billion, or 39.2%, ICI said. Assets in Domestic Equity ETFs increased $74.69 billion since November 2006, and global equity ETFs assets rose $73.56 billion during this period.

During November, the value of all ETF shares issued exceeded that of shares redeemed by $8.74 billion. Year-to-date, ETFs experienced a net issuance of $106.14 billion.

The ICI data is available here.