Assets of the nation’s exchange-traded funds rose 10.9% in October to slightly more than $1 trillion, according to the Investment Company Institute’s latest report on ETFs. That’s up $131.4 billion, or 14.2%, from a year ago.
Assets in domestic equity ETFs experienced the largest gains, hitting $615.4 billion, up 19% from October 2010. Global equity ETF assets rose $2.1 billion, or .8%, to $264.9 billion during this period. At the end of October 2011, assets of bond funds were $174.2 billion and hybrid funds were $386 million.
During October, investors bought more shares of ETFs than they redeemed by $20.1 billion. That’s more than triple the net issuance for September, which came in at $5.8 billion. Year-to-date, the net issuance of ETFs was $93.84 billion, up 10% from the same period last year.
The monthly statistical report compiles information provided to ICI by exchange-traded funds and commodity funds. For the complete report, click here.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access