The Markets July 27, 2007

ETF Investors Favor Global Offerings in June

The combined assets of the nation's exchange-traded funds (ETFs) rose in June by $366 million, or 0.1%, to $485.88 billion, according to data from the Investment Company Institute (ICI).
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By ETF fund type, assets in domestic equity funds declined from $323.6 billion in May to $317.5 billion in June. Assets in broad-based domestic equity funds ended at $249.1 billion for the month, while assets for sector/industry domestic equity ETFs were $68.4 billion.

Global/International Equity Index ETF assets grew by $5 billion in June, from $137.5 billion in May, to $142.5 billion. Bond Index ETF assets also increased from $24.4 billion to $25.9 billion over the month.

Over the past 12 months, ETF assets increased $140.17 billion, or 40.6%. Assets in domestic equity ETFs increased $72.31 billion since June 2006, and global equity ETFs assets rose $59.53 billion during this period, ICI said.

During June, the value of all ETF shares issued exceeded that of shares redeemed by $5.26 billion. So far this year, ETFs have experienced a net issuance of $31.70 billion.

The ICI data is here.

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