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ETF Assets Edged Up In June: ICI

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The combined assets of the nation’s exchange-traded funds (ETFs) increased to $242.7 billion at the end of June, from $238.4 billion at the end of May, according to data released today by the Investment Company Institute (ICI).

ETF assets totaled $226.2 billion at the end of December 2004.

At the end of June, 171 ETFs were in operation, eight more than in the prior month. Of that total, 119 ETFs tracked domestic stock indexes and held assets of $189.5 billion. Forty-six ETFs tracked global/international equity indexes and held assets of $40.7 billion. Another six ETFs tracked bond indexes, holding assets of $12.4 billion.

The ICI also noted that assets of domestic equity ETFs increased by $1.4 billion, while international equity ETF assets rose by $2.4 billion.

In addition, the value of all ETF shares issued exceeded that of shares redeemed by $665 million. Equity index ETFs experienced a positive net issuance of $224 million, while bond ETFs experienced a positive net issuance of $442 million.

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 as of 6/30/05 (In billions)

One-Year Returns Through 6/30/05 (%)

S&P Dep Receipts (SPY)



Nasdaq-100 Trust Ser 1 (QQQQ)



iShares MSCI EAFE Index Tr (EFA)



iShares S&P 500 Index Trust (IVV)



S&P MidCap Dep Receipts (MDY)



*Source: Standard & Poor’s.

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


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