ETF Values Down 0.9% in November

The combined assets of the nation's exchange-traded funds (ETFs) were $478.06 billion in November, down 0.9% from the prior month, according to the Investment Company Institute (ICI).

Over the past 12 months, ETF assets decreased $94.07 billion, or 16.4%, according to ICI. Assets in domestic equity ETFs have decreased $36.68 billion since November 2007, and global equity ETFs assets fell $75.74 billion during this period. Assets of bond funds were $51.27 billion and hybrid funds were $132 million, according to the report.

However, during November, the value of all ETF shares issued exceeded that of shares redeemed by $23.73 billion. In November 2007, ETFs experienced a net issuance of $8.74 billion. As of the end of November 2008, there were 721 ETFs in the ICI report, compared with 698 in October, and 613 a year ago.

Statistics contained in the Institute’s monthly ETF report are obtained from information provided to ICI by exchange-traded funds and commodity funds.

A detailed breakdown of the monthly ETF data is available here (click for Microsoft Excel file).