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October 28, 2002 at 07:00 PM
Oct. 24, 2002 — The combined assets of the nation’s exchange-traded funds (ETFs) totaled about $82.3 billion at the end of September, down from $91.3 billion at the end of August, according to data released by the Investment Company Institute (ICI).
At the end of September, 106 ETFs were in operation, unchanged from the prior month. Of that total, 68 ETFs tracked domestic stock indexes and held assets of $74.0 billion. Thirty-four ETFs tracked international/global equity indexes and held assets of $4.3 billion. Four bond index ETFs, which were first offered to investors in June, held assets of $3.9 billion in September.
The ICI noted that assets of all equity ETFs decreased by $9.4 billion in September to $78.3 billion, while assets of domestic equity ETFs alone dropped by $6.8 billion. Moreover, bond index ETF assets increased by $321 million, and international equity ETFs decreased by $2.59 billion.
