11.02.2016

ICI Reports Estimated ETF Net Issuance

ICI.org – Washington, DC –The estimated value of all exchange-traded fund1 (ETF) shares issued exceeded that of shares redeemed by $5.60 billion for the week ended October 26, 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

  10/26/2016 10/19/2016 10/12/2016 10/5/2016 9/28/2016
Equity 5,227 2,383 1,385 -163 8,784
  Domestic 4,033 1,655 -261 -1,291 10,106
  World 1,194 728 1,646 1,129 -1,322
Hybrid 19 66 34 30 39
Bond 1,180 2,437 1,904 3,552 2,827
  Taxable 1,096 2,540 1,763 3,406 2,764
  Municipal 83 -103 141 146 63
Commodity -831 404 228 -105 325
Total 5,595 5,290 3,550 3,314 11,975

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

Equity ETFs2 had estimated net issuance of $5.23 billion for the week, compared to estimated net issuance of $2.38 billion in the previous week. Domestic equity ETFs had estimated net issuance of $4.03 billion, and world equity ETFs had estimated net issuance of $1.19 billion.

Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $19 million for the week, compared to estimated net issuance of $66 million in the previous week.

Bond ETFs2 had estimated net issuance of $1.18 billion for the week, compared to estimated net issuance of $2.44 billion during the previous week. Taxable bond ETFs saw estimated net issuance of $1.10 billion, and municipal bond ETFs had estimated net issuance of $83 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 $831 million for the week, compared to estimated net issuance of $404 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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