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October 01, 2008 at 04:00 AM
According to the Investment Company Institute (ICI), the combined assets of U.S. exchange-traded funds fell $32.25 billion to $578.07 billion in June.
Even though this is a 5.3 percent decrease compared to May, on a year-over-year basis ETF assets have climbed by 19 percent or $92.14 billion compared to June 2007.
During June, the value of all ETF shares issued exceeded that of shares redeemed by $10.34 billion. In June 2007, ETFs have experienced a net issuance of $5.30 billion.
Not included in the data are exchange-traded notes, which are debt securities. As of the second quarter, there’s around 80 ETNs with close to $6 billion in total assets.
