Investing December 24, 2008

ETF Values Down 0.9% in November

December 24, 2008 (PLANSPONSOR.com) - The combined assets of the nation's exchange-traded funds (ETFs) were $478.06 billion in November, down 0.9% from the prior month, according to the Investment Company Institute (ICI).
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Over the past 12 months, ETF assets decreased $94.07 billion, or 16.4%, according to ICI.   Assets in domestic equity ETFs have decreased $36.68 billion since November 2007, and global equity ETFs assets fell $75.74 billion during this period. Assets of bond funds were $51.27 billion and hybrid funds were $132 million, according to the report.

However, during November, the value of all ETF shares issued exceeded that of shares redeemed by $23.73 billion. In November 2007, ETFs experienced a net issuance of $8.74 billion.   As of the end of November 2008, there were 721 ETFs in the ICI report, compared with 698 in October, and 613 a year ago.   

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Statistics contained in the Institute’s monthly ETF report are obtained from information provided to ICI by exchange-traded funds and commodity funds.

A detailed breakdown of the monthly ETF data is available on our website at .

Assets of Exchange-Traded Funds by Type
(millions of dollars)

  

style="TEXT-ALIGN: right"> November 2008

style="TEXT-ALIGN: right"> October 2008

style="TEXT-ALIGN: right"> November 2007

Total Domestic Equity

style="TEXT-ALIGN: right"> 326,615

style="TEXT-ALIGN: right"> 332,884

style="TEXT-ALIGN: right"> 363,299

 

Domestic (Broad-based)

style="TEXT-ALIGN: right"> 234,992

style="TEXT-ALIGN: right"> 241,096

style="TEXT-ALIGN: right"> 276,672

 

Domestic (Sector/Industry)

style="TEXT-ALIGN: right"> 91,623

style="TEXT-ALIGN: right"> 91,788

style="TEXT-ALIGN: right"> 86,627

Global/International Equity

style="TEXT-ALIGN: right"> 100,036

style="TEXT-ALIGN: right"> 101,124

style="TEXT-ALIGN: right"> 175,774

Hybrid

style="TEXT-ALIGN: right"> 132

style="TEXT-ALIGN: right"> 135

style="TEXT-ALIGN: right"> 111

Bond

style="TEXT-ALIGN: right"> 51,273

style="TEXT-ALIGN: right"> 48,175

style="TEXT-ALIGN: right"> 32,940

All

style="TEXT-ALIGN: right"> 478,056

style="TEXT-ALIGN: right"> 482,318

style="TEXT-ALIGN: right"> 572,124

Value of Shares Issued and Redeemed by All Exchange-Traded Funds
(millions of dollars)

 

style="TEXT-ALIGN: right"> November 2008

style="TEXT-ALIGN: right"> October 2008

style="TEXT-ALIGN: right"> Y-T-D 2008

style="TEXT-ALIGN: right"> Y-T-D 2007

Gross Issuance

style="TEXT-ALIGN: right"> 86,397

style="TEXT-ALIGN: right"> 129,161

style="TEXT-ALIGN: right"> 1,205,820

style="TEXT-ALIGN: right"> 913,269

Gross Redemptions

style="TEXT-ALIGN: right"> 62,667

style="TEXT-ALIGN: right"> 124,292

style="TEXT-ALIGN: right"> 1,073,195

style="TEXT-ALIGN: right"> 807,167

Net Issuance

style="TEXT-ALIGN: right"> 23,730

style="TEXT-ALIGN: right"> 4,868

style="TEXT-ALIGN: right"> 132,623

style="TEXT-ALIGN: right"> 106,103

Number of Exchange-Traded Funds by Type

 

style="TEXT-ALIGN: right"> November 2008

style="TEXT-ALIGN: right"> October 2008

style="TEXT-ALIGN: right"> November 2007

Total Domestic Equity

style="TEXT-ALIGN: right"> 431

style="TEXT-ALIGN: right"> 412

style="TEXT-ALIGN: right"> 411

 

Domestic (Broad-Based)

style="TEXT-ALIGN: right"> 203

style="TEXT-ALIGN: right"> 199

style="TEXT-ALIGN: right"> 193

 

Domestic (Sector/Industry)

style="TEXT-ALIGN: right"> 228

style="TEXT-ALIGN: right"> 213

style="TEXT-ALIGN: right"> 218

Global/International Equity

style="TEXT-ALIGN: right"> 222

style="TEXT-ALIGN: right"> 220

style="TEXT-ALIGN: right"> 151

Hybrid

style="TEXT-ALIGN: right"> 6

style="TEXT-ALIGN: right"> 6

style="TEXT-ALIGN: right"> 5

Bond

style="TEXT-ALIGN: right"> 62

style="TEXT-ALIGN: right"> 60

style="TEXT-ALIGN: right"> 46

All

style="TEXT-ALIGN: right"> 721

style="TEXT-ALIGN: right"> 698

style="TEXT-ALIGN: right"> 613

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