Nov. 27, 2002 — The combined assets of the nation’s exchange-traded funds (ETFs) totaled about $100.7 billion at the end of October, up from $82.3 billion at the end of September, according to data released by the Investment Company Institute (ICI).
At the end of October, 108 ETFs were in operation, two more than last month. Of that total, 69 ETFs tracked domestic stock indexes and held assets of $92 billion. Thirty-five ETFs tracked international/global equity indexes and held assets of $4.7 billion. Four bond index ETFs, which were first offered to investors in June, held assets of $4 billion in September.
The ICI noted that assets of equity ETFs alone rose by $18.4 billion to $97 billion. Moreover, bond index ETF assets increased by $105 million, and international equity ETFs decreased by $343 million.