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August 23, 2002 at 08:00 PM
Aug. 22, 2002 — The combined assets of the nation’s exchange-traded funds (ETFs) totaled $88.3 billion at the end of July, down from $89 billion at the end of June, according to data released by the Investment Company Institute (ICI).
At the end of July, 106 ETFs were in operation, four more than the prior month, resulting from the introduction of a new category of ETFs based on bond indexes. Of that total, 68 ETFs tracked domestic stock indexes in July and held assets of $78.6 billion. Thirty-four ETFs tracked international equity indexes and held assets of $6.7 billion. The four bond index ETFs, which were initially offered to investors in June and rated by Standard & Poor’s, held assets of $3 billion in July.
The ICI noted that assets of all equity ETFs decreased by $3.7 billion to $85.3 billion in July. Assets of domestic equity ETFs decreased by $3.1 billion, while assets of international equity ETFs decreased by $596 million.
