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Investing July 25, 2001
ETF Assets Rise $2.8 Billion in June
July 25, 2001 (PLANSPONSOR.com) - The assets
invested in US exchange-traded funds (ETFs) rose to $75.56
billion at the end of June, up from $72.77 billion the
previous month, according to the Investment Company Institute
(ICI).
Reported by Camilla Klein
The figure includes the total investments in domestic broad-based and sector ETFs combined with that invested in global ETFs, funds with shares that trade throughout the day on exchanges at prices driven by the market forces of supply and demand.
In June, the value of shares issued exceeded the value of those redeemed by $3.42 billion, a turnaround from the previous month when net redemptions reached $248 million.
The latest figures show gross issuance reaching $7.23 billion, up from $4.05 billion the previous month while gross redemptions were lower at $3.81 billion, compared with $4.3 billion in May