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Portfolio > ETFs

ETF Assets Edged Up in September: ICI

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The combined assets of the nation’s exchange-traded funds (ETFs) totalled $259.4 billion at the end of September, slightly higher than the $251.5 billion reported at the end of August, 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 September, 176 ETFs were in operation, one more than in the prior month. Of that total, 122 ETFs tracked domestic stock indexes and held assets of $192.6 billion. Forty-eight ETFs tracked global/international equity indexes and held assets of $52.8 billion. Another six ETFs tracked bond indexes, holding assets of $14.0 billion.

The ICI also noted that assets of domestic equity ETFs increased by $1.45 billion, and international equity ETF assets increased by $6.13 billion.

In addition, the value of all ETF shares issued exceeded that of shares redeemed by $3.78 billion.

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.*

ETF

Assets as of 9/30/05 (In billions)

One-Year Returns Through 9/30/05 (%)

S&P Dep Receipts (SPY)

$47.7

+12.1

iShares MSCI EAFE Index Tr (EFA)

$20.0

+25.4

Nasdaq-100 Trust Ser 1 (QQQQ)

$19.6

+12.5

iShares S&P 500 Index Trust (IVV)

$13.4

+12.2

iShares MSCI Japan Index Fd (EWJ)

$9.1

+26.0

*Source: Standard & Poor’s


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