From the October 2006 issue of Research Magazine • Subscribe!

More Funds Keep Flowing into ETFs

According to the Investment Company Institute (ICI), the combined assets of U.S. exchange-traded funds grew by 3.2 percent or $10.43 billion in June to a total of $335.11 billion. This represents year-over-year growth of $92.45 billion (or 38.1 percent) from June 2005, when aggregate ETF assets totaled $242.66 billion.

Domestic equity ETFs pulled in $45.24 billion since June 2005 and global equity ETF assets rose $42.07 billion during this period.

In terms of net inflows, during June, the value of all ETF shares issued exceeded that of shares redeemed by $10.71 billion.

The category itself keeps expanding. The number of ETFs jumped to 263 in June, with much of the growth coming from the recent wave of new sector funds.

The Investment Company Institute (ICI) is a national association of U.S. registered investment companies.

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