Mar. 28, 2003 — The combined assets of the nation’s exchange-traded funds (ETFs) dropped to $92.8 billion at the end of February, from $95.7 billion at the end of January, according to the Investment Company Institute (ICI).
ETF assets totalled $102.1 billion as of year-end 2002.
At the end of February, 114 ETFs were in operation, one more than in the prior month. Of that total, 66 ETFs tracked domestic stock indexes and held assets of $83.8 billion. Forty ETFs tracked international/global equity indexes and held assets of $5.2 billion. Eight bond index ETFs held assets of $3.8 billion.
The ICI noted that assets of equity index ETFs decreased by $2.97 billion to $89.0 billion, while bond index ETF assets increased by $136 million. Assets of domestic equity ETFs decreased by $3.07 billion, and international equity ETF assets increased by $91 million.