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September 03, 2003 at 08:00 PM
Aug. 29, 2003 — The combined assets of the nation’s exchange-traded funds (ETFs) dropped to $117.1 billion at the end of July, from $121.6 billion at the end of June, according to data released today by the Investment Company Institute (ICI).
ETF assets totaled $102.1 billion as of year-end 2002.
At the end of July, 114 ETFs were in operation, the same as in the prior month. Of that total, 69 ETFs tracked domestic stock indexes and held assets of $104.9 billion; 41 ETFs tracked international/global equity indexes and held assets of $7.9 billion; and four bond index ETFs held assets of $4.3 billion.
