The combined assets of the US’s exchange-traded funds (ETFs) added up to $296.02 billion in December 2005, according to the Investment Company Institute (ICI), a DC-based group focused on the investment company industry.
The institute’s monthly statistics for the ETF report draw from information provided to the ICI by 201 exchange-traded funds.
Assets of all exchange-traded funds rose in December by $7.07 billion, or 2.4%, to $296.02 billion. In 2005, ETF assets increased $69.82 billion, or nearly 31%.
In December, equity index ETF assets increased by $7.10 billion to $281.02 billion, while bond index ETF assets decreased by $26 million to $15 billion.
Assets of domestic equity ETFs increased by $1.68 billion, and international equity ETF assets increased by $5.42 billion, the report found.
During December, the value of all ETF shares issued exceeded that of shares redeemed by $5.89 billion. For the year, ETFs experienced a total net issuance of $53.87 billion, down slightly from $55.02 billion in 2004.