12.07.2016

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 $3.85 billion for the eight-day period ended November 30, 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

11/30/2016

11/22/2016

11/16/2016

11/9/2016

11/2/2016

Equity

2,678

9,849

29,409

9,882

-686

Domestic

1,569

7,776

31,573

9,660

-1,045

World

1,109

2,073

-2,164

222

359

Hybrid

34

28

-15

6

29

Bond

1,993

895

-2,850

3,660

-3,292

Taxable

1,946

1,007

-2,617

3,638

-3,356

Municipal

48

-113

-233

22

63

Commodity

-854

-1,647

-1,860

637

313

Total

3,851

9,125

24,684

14,185

-3,636

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 $2.68 billion for the week, compared to estimated net issuance of $9.85 billion in the previous week. Domestic equity ETFs had estimated net issuance of $1.57 billion, and world equity ETFs had estimated net issuance of $1.11 billion.

Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $34 million for the week, compared to estimated net issuance of $28 million in the previous week.

Bond ETFs2 had estimated net issuance of $1.99 billion for the week, compared to estimated net issuance of $895 million during the previous week. Taxable bond ETFs saw estimated net issuance of $1.95 billion, and municipal bond ETFs had estimated net issuance of $48 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 $854 million for the week, compared to estimated negative net issuance of $1.65 billion 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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