The Markets February 28, 2007

ICI: ETF Assets Inch up 2% in January 2007

The assets of the nation's exchange-traded funds (ETFs) climbed 2% to $431 billion in January, up 34.8% for the year.

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During the month, $295.7 billion was in domestic equity indices, and of that amount, $233.9 billion was in Domestic (broad-based) funds and $61 billion was in Domestic (Sector/Industry) funds, according to an Investment Company Institute (ICI) news release. Meanwhile, assets in Global/International Equity Index funds reached $114.2 billion, and assets in Bond Index were $20.9 billion.

During October, the value of all ETF shares issued exceeded that of shares redeemed by $2.99 billion. In 2006, ETFs experienced a net issuance of $73.99 billion.

The total number of ETFs was up by 48 in January over December to 407, ICI said.

Over the past 12 months, ETF assets increased $111.36 billion, or 34.8%, ICI data showed. Assets in domestic equity ETFs increased $66.32 billion since January 2006, and global equity ETF assets rose $39.74 billion during the period.

The full January ICI report on ETF assets is here http://www.ici.org/stats/etf/etfs_01_07.html