The Markets January 31, 2007

ICI: ETF Assets Reach $422B in December

The total combined assets of the nation's exchange-traded funds (ETFs) inched up 2.8% to $422.48 billion in December, according to the Investment Company Institute’s monthly report on the industry.
Reported by

During the month, assets in domestic equity ETFs totaled $290 billion, up from the $288 billion posted the month before. Of that amount, $232 billion was in Domestic (broad-based) funds, and $58 billion was in Domestic (Sector/Industry) funds.

Assets in Global/International Equity Index funds came in at $111 billion, and assets in Bond Index funds totaled $20 billion.

During December, the value of all ETF shares issued exceeded that of shares redeemed by $9.2 billion. In 2006, ETFs experienced a net issuance of $73.9 billion.
The total number of ETFs was up by 10 in December over November, to 357, ICI said.
Over the past 12 months, ETF assets increased $121.66 billion, or 40.4%. Assets in domestic equity ETFs increased $70.17 billion since December 2005, and global equity ETFs assets rose $45.98 billion during this period.

The full ICI December report is here.

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