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Integrity Life Companies Launche
ETF Assets Decline by $9.41 Billion
April 2, 2008
SAN DIEGO (ETFguide.com) - According to the Investment Company Institute (ICI),
the combined assets of U.S. exchange-traded
funds (ETFs) declined by $9.41 billion to $559.31 billion in February.
This is a 1.7 percent decrease compared to January and an increase of 29.1
percent or $125.91 billion compared to February 2007 when ETF assets were
$433.40 billion.
The bulk of money invested in ETFs is
linked to equity indexes, which have been caught in an undertow of bad economic
news.
The SPDRs S&P 500 (Ticker:
SPY) accounts for roughly 12 percent of all U.S. ETF assets and is down 6.6
percent through April 1st.
During February, the value of all ETF shares redeemed exceeded that of shares
issued by $6.93 billion and ETF net issuance was $4.99 billion.
ETFs are an emerging class of low cost index funds that trade like stocks. They
cover the broad asset class universe including domestic stocks, international
and emerging markets stocks, bonds, commodities, and currencies.
The Investment Company Institute (ICI) is a national association of U.S.
registered investment companies.
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