08.31.2016

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 $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.

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