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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).
Reported by Nevin E. Adams
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.
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 | |||||
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 | ||||
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 | |