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September 20, 2002 at 08:00 PM
Sept. 18, 2002 — The combined assets of the nation’s exchange-traded funds (ETFs) totaled about $91.3 billion at the end of August, up from $88.3 billion at the end of July, according to data released by the Investment Company Institute (ICI).
At the end of August, 106 ETFs were in operation, unchanged from the prior month. Of that total, 68 ETFs tracked domestic stock indexes and held assets of $80.8 billion. Thirty-four ETFs tracked international/global equity indexes and held assets of $6.9 billion. Four bond index ETFs (first offered to investors in June), held assets of $3.6-billion in August.
The ICI noted that assets of all equity ETFs increased by $2.4 billion in August (to $87.7 billion), while assets of domestic equity ETFs alone rose $2.2 billion. Moreover, bond index ETF assets increased by $598 million, and international equity ETFs increased by $236 million.
