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Portfolio > ETFs

Exchange-Traded Fund Assets Leapt in October: ICI

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Dec. 1, 2004 — The combined assets of the nation’s exchange-traded funds (ETFs) rose to $190.5 billion at the end of October, from $181.4 billion at the end of September, according to the Investment Company Institute (ICI). ETF assets totaled $151.0 billion at the end of December 2003.

The number of ETFs in operation rose by one to 149 at the end of October. Of that total, 101 tracked domestic stock indexes and held assets of $157.2 billion; 42 tracked international/global equity indexes and held assets of $25.5 billion; and six bond index ETFs held assets of $7.8 billion.

The ICI noted that assets of domestic equity ETFs increased by $7.2 billion, and international equity ETF assets increased by $1.6 billion.

In October, the value of all ETF shares issued exceeded that of shares redeemed by $5.4 billion. Equity index ETFs experienced a positive net issuance of $5.1 billion, while bond ETFs witnessed a positive net issuance of $280 million. Gross issuance of all ETFs decreased in October, to $9.6 billion from a revised figure of $10.7 billion in September, and redemptions decreased to $4.3 billion from a revised $6.6 billion in September.

Net issuance, which is gross issuance minus redemptions, is roughly equivalent to the unit of net new cash flow that is used for conventional mutual funds.

Below is a list of the five largest ETFs.


Assets (In billions)

One-Year Returns Through 10/31/04

S&P Dep Receipts (SPY)



Nasdaq -100 Trust Ser 1 (QQQ)



iShares MSCI EAFE Index Tr (EFA)



iShares S&P 500 Index Trust (IVV)



DIAMONDS Trust, Series1 (DIA)



Source: Nuveen Investments.

Contact Bob Keane with questions or comments at: [email protected].


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