ETF Assets Decline in January By IndexFunds.com Staff February 27, 2003

The combined assets of the nation's exchange-traded funds (ETFs) were $95.66 billion in January, according to the Investment Company Institute, falling from a December 2002 high of over $102 billion.

Assets of Exchange-traded Funds by Type (millions of dollars)
	Jan-03	Dec-02	Jan-02
Total Domestic Equity Index	86,867	92,904	79,053
Domestic (Broad-based)	76,458	82,365	70,624
Domestic (Sector/Industry)	10,409	10,539	8,430
Global/International Equity Index	5,108	5,324	2,955
Bond Index	3,689	3,915	--
All	95,663	102,143	82,009

Value of Shares Issued and Redeemed by All Exchange-traded Funds (millions of dollars)
	Jan-03	Dec-02	YTD-03	YTD-02
Gross Issuance	3,283	9,976	3,283	4,777
Gross Redemptions	7,525	10,425	7,525	4,515
Net Issuance	-4,242	-449	-4,242	262

For rough comparison's sake, the table below shows retail and institutional assets in equity and fixed-income index funds from data released by the ICI in November 2002.

Retail Index Funds ($ Thousands)
Total Assets in Retail Index Funds	$220,405,988
Percentage of All Retail Funds	5.9%
Total Assets in Retail Index Funds Equity	$191,155,111
Percentage of All Retail Funds Equity	7.6%
Total Assets in Retail Index Funds Bond	$24,549,951
Percentage of All Retail Funds Bond	2.9%
Institutional ($ Thousands)
Total Assets in Institutional Index Funds	$78,744,086
Percentage of All Institutional Funds	13.2%
Total Assets in Institutional Index Funds Equity	$66,752,203
Percentage of All Institutional Funds Equity	21.2%
Total Assets in Institutional Index Funds Bond	$11,411,764
Percentage of All Institutional Funds Bond	4.4%