08.02.2016

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 $5.87 billion for the week ended July 27, 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

  7/27/2016 7/20/2016 7/13/2016 7/6/2016 6/29/2016  
Equity 4,985 4,475 17,492 3,411 -4,840  
  Domestic 4,090 2,190 16,055 5,471 -6,040  
  World 895 2,285 1,437 -2,060 1,199  
Hybrid 16 18 28 -16 97  
Bond 1,231 565 5,375 6,079 2,334  
  Taxable 1,064 335 5,231 5,827 2,254  
  Municipal 167 230 145 252 79  
Commodity -362 486 -268 2,158 2,098  
Total 5,869 5,544 22,628 11,633 -312  

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 $4.99 billion for the week, compared to estimated net issuance of $4.48 billion in the previous week. Domestic equity ETFs had estimated net issuance of $4.09 billion, and world equity ETFs had estimated net issuance of $895 million.

Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $16 million for the week, compared to estimated net issuance of $18 million in the previous week.

Bond ETFs2 had estimated net issuance of $1.23 billion for the week, compared to estimated net issuance of $565 million during the previous week. Taxable bond ETFs saw estimated net issuance of $1.06 billion, and municipal bond ETFs had estimated net issuance of $167 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 $362 million for the week, compared to estimated net issuance of $486 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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