ETF Assets Narrowly Increase

September 4, 2007

SAN DIEGO (ETFguide.com) - According to the Investment Company Institute (ICI), the combined assets of U.S. exchange-traded funds ETFs) grew $2.94 million to $488.83 billion in July.

While the July figures represented only a narrow 0.6 percent increase over June, the year-over-year numbers reflect a 40.3 percent increase. In July 2006 ETF assets were at $348.41 billion.
 

During July, the value of all ETF shares issued exceeded that of shares redeemed by $11.98 billion.

So far this year, ETFs have experienced a net issuance of $43.69 billion.
 

ETFs are an emerging class of index funds that trade like stocks.

The first batch of funds were introduced during the 90s and designed to track popular benchmark indexes such as the Dow Jones Industrial Average, Nasdaq-100 and the S&P 500. Today, ETFs have expanded beyond traditional benchmarks to embrace indexes that are weighted equally and by market fundamentals.

The Investment Company Institute (ICI) is a national association of U.S. registered investment companies