09.21.2016

ICI Reports Estimated ETF Net Issuance

ICI.org – Washington, DC – The estimated value of all exchange-traded fund1 (ETF) shares redeemed exceeded that of shares issued by $1.80 billion for the week ended September 14, 2016, the Investment Company Institute reported today. In addition to this report, ICI will also be publishing long-term mutual fund flows and a report that combines data for ETFs and mutual funds, available on the ICI website.

 

ETF Estimated Net Issuance Millions of dollars

  9/14/2016 9/7/2016 8/31/2016 8/24/2016 8/17/2016
Equity 1,487 3,414 4,599 -555 7,122
  Domestic 157 2,487 3,653 76 4,010
  World 1,331 927 946 -630 3,112
Hybrid 31 28 30 42 45
Bond -2,417 630 1,137 1,588 2,649
  Taxable -2,539 849 1,011 1,410 2,488
  Municipal 121 -219 126 177 161
Commodity -898 458 -601 -252 -411
Total -1,797 4,530 5,166 823 9,405

Note: Components may not add to the total because of rounding. Includes funds not registered under the Investment Company Act of 1940.

Equity ETFs2 Equity ETFs2 had estimated net issuance of $1.49 billion for the week, compared to estimated net issuance of $3.41 billion in the previous week. Domestic equity ETFs had estimated net issuance of $157 million, and world equity ETFs had estimated net issuance of $1.33 billion.

Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $31 million for the week, compared to estimated net issuance of $28 million in the previous week.

Bond ETFs2 had estimated negative net issuance of $2.42 billion for the week, compared to estimated net issuance of $630 million during the previous week. Taxable bond ETFs saw estimated negative net issuance of $2.54 billion, and municipal bond ETFs had estimated net issuance of $121 million.

Commodity ETFs2—which are ETFs (both registered and not registered under the Investment Company Act of 1940) that invest primarily in commodities, currencies, and futures—had estimated negative net issuance of $898 million for the week, compared to estimated net issuance of $458 million during the previous week.

Notes: Weekly ETF net issuance are estimates that represent industry totals. Actual net issuance data are collected on a monthly basis and are reported in ICI’s “Monthly Exchange-Traded Fund Data”; therefore, there are differences between these weekly estimates and the monthly net issuance. Data for previous weeks may reflect revisions because of data adjustments, reclassifications, and changes in the number of ETFs reporting. Historical flow data are available on the ICI website.

1 Data for ETFs that invest primarily in other ETFs were excluded from the series.

2 ICI classifies ETFs based on language in the fund prospectus. For a detailed description of ICI classifications, please see ICI ETF Investment Objective Definitions.

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