ICI.org – Washington, DC —The estimated value of all exchange-traded fund¹ (ETF) shares issued exceeded that of shares redeemed by $823 million for the week ended August 24, 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

		8/24/2016	8/17/2016	8/10/2016	8/3/2016	7/27/2016
Equity		-555	7,122	9,877	1,970	4,985
	Domestic	76	4,010	8,099	1,429	4,090
	World	-630	3,112	1,778	541	895
Hybrid		42	45	14	17	16
Bond		1,588	2,649	4,046	-1,542	1,231
	Taxable	1,410	2,488	3,900	-1,676	1,064
	Municipal	177	161	146	134	167
Commodity		-252	-411	78	913	-362
Total		823	9,405	14,016	1,358	5,869

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 negative net issuance of $555 million for the week, compared to estimated net issuance of $7.12 billion in the previous week. Domestic equity ETFs had estimated net issuance of $76 million, and world equity ETFs had estimated negative net issuance of $630 million.

Hybrid ETFs²—which can invest in stocks and fixed-income securities—had estimated net issuance of $42 million for the week, compared to estimated net issuance of $45 million in the previous week.

Bond ETFs² had estimated net issuance of $1.59 billion for the week, compared to estimated net issuance of $2.65 billion during the previous week. Taxable bond ETFs saw estimated net issuance of $1.41 billion, and municipal bond ETFs had estimated net issuance of $177 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 $252 million for the week, compared to estimated negative net issuance of $411 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.