ETF Assets Remained Flat in August: ICI

The combined assets of the nation's exchange-traded funds (ETFs) totalled $251.5 billion at the end of August, essentially the same as the $252.3 billion reported at the end of July, according to data released today by the Investment Company Institute (ICI).

ETF assets totaled $226.2 billion at the end of December 2004.

At the end of August, 175 ETFs were in operation, four more than in the prior month. Of that total, 121 ETFs tracked domestic stock indexes and held assets of $191.2 billion. Forty-eight ETFs tracked global/international equity indexes and held assets of $46.6 billion. Another six ETFs tracked bond indexes, holding assets of $13.7 billion.

The ICI also noted that assets of domestic equity ETFs decreased by $4.1 billion, and international equity ETF assets increased by $2.7 billion during August.

In addition, the value of all ETF shares redeemed exceeded that of shares issued by $41 million.

Net issuance, which is gross issuance minus redemptions, is roughly equivalent to the unit of net new cash flow that is used for conventional mutual funds.

Below is a list of the five largest ETFs.*

ETF

Assets as of 8/31/05 (In billions)

One-Year Returns Through 8/31/05 (%)

S&P Dep Receipts (SPY)

$47.2

+12.4

Nasdaq-100 Trust Ser 1 (QQQQ)

$19.3

+14.7

iShares MSCI EAFE Index Tr (EFA)

$18.8

+23.1

iShares S&P 500 Index Trust (IVV)

$13.7

+12.5

S&P MidCap Dep Receipts (MDY)

$8.4

+24.4

Contact Bob Keane with questions or comments at: bkeane@investmentadvisor.com.
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