06.15.2016

ICI Reports Estimated ETF Net Issuance

ICI.com – Washington, DC – The estimated value of all exchange-traded fund1 (ETF) shares issued exceeded that of shares redeemed by $6.91 billion for the week ended June 8, 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

  6/8/2016 6/1/2016 5/25/2016 5/18/2016 5/11/2016
Equity 4,822 5,838 3,150 -2,025 -2,982
  Domestic 2,354 5,298 4,302 -666 711
  World 2,467 540 -1,152 -1,359 -3,693
Hybrid 9 3 -3 -83 -7
Bond 1,665 313 575 3,523 -465
  Taxable 1,524 176 455 3,310 -616
  Municipal 141 136 120 212 151
Commodity 415 -23 649 595 1,058
Total 6,910 6,131 4,371 2,010 -2,397

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 $4.82 billion for the week, compared to estimated net issuance of $5.84 billion in the previous week. Domestic equity ETFs had estimated net issuance of $2.35 billion, and world equity ETFs had estimated net issuance of $2.47 billion.

Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $9 million for the week, compared to estimated net issuance of $3 million in the previous week.

Bond ETFs2 had estimated net issuance of $1.67 billion for the week, compared to estimated net issuance of $313 million during the previous week. Taxable bond ETFs saw estimated net issuance of $1.52 billion, and municipal bond ETFs had estimated net issuance of $141 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 net issuance of $415 million for the week, compared to estimated negative net issuance of $23 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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