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May 29, 2003 at 08:00 PM
May 28, 2003 — The combined assets of the nation’s exchange-traded funds (ETFs) increased to $110.5 billion at the end of April, up from $100.8 billion at the end of March, according to data released today by the Investment Company Institute (ICI).
ETF assets totalled $102.1 billion as of year-end 2002.
At the end of March, 118 ETFs were in operation, four more than in the prior month. Of that total, 69 ETFs tracked domestic stock indexes and held assets of $101.5 billion; 41 ETFs tracked international/global equity indices and held assets of $5.6 billion; and eight bond index ETFs held assets of $3.3 billion.
The ICI noted that equity index assets of all ETFs increased by $10.03 billion to $107.19 billion, while bond index ETF assets decreased by $384 million.
