Assets in Broad U.S. Index ETFs Jump in May IndexFunds.com Staff July 1, 2003

The total combined assets of the 114 U.S. exchange-traded funds were $118.44 billion in May, according to the latest data from Investment Company Institute, the national association of the investment company industry.

Assets of Exchange-Traded Funds by Type (millions of dollars)
	May-03	Apr-03	Dec-02
Total Domestic Equity Index	108,275	101,548	92,904
Domestic (Broad-based)	94,271	88,487	82,365
Domestic (Sector/Industry)	14,004	13,062	10,539
Global/International Equity Index	6,614	5,642	5,324
Bond Index	3,545	3,285	3,915
All	118,435	110,475	102,143

Value of Shares Issued and Redeemed by All Exchange-Traded Funds (millions of dollars)
	May-03	Apr-03	YTD-03	YTD-02
Gross Issuance	4,850	6,632	28,513	35,647
Gross Redemptions	3,765	4,829	24,114	17,312
Net Issuance	1,085	1,803	4,400	18,335

Number of Exchange-Traded Funds by Type
	May-03	Apr-03	Dec-02
Total Domestic Equity Index	69	69	66
Domestic (Broad-Based)	38	38	35
Domestic (Sector/Industry)	31	31	31
Global/International Equity Index	41	41	39
Bond Index	4	8	8
All	114	118	113

Assets of all exchange-traded funds increased by $7.96 billion to $118.44 billion in May, according to the ICI. Equity index ETF assets increased by $7.70 billion to $114.89 billion, while bond index ETF assets increased by $260 million to $3.55 billion. Assets of domestic equity ETFs increased by $6.73 billion, and international equity ETF assets increased by $972 million.

During May, the value of all ETF shares issued exceeded that of shares redeemed by $1.09 billion. Equity index ETFs experienced a positive net issuance of $910 million, while bond ETFs experienced a positive net issuance of $175 million. Gross issuance of all ETFs decreased in May to $4.85 billion from $6.63 billion in April, and redemptions decreased to $3.77 billion from $4.83 billion in April.

Sixty-nine ETFs tracked domestic stock indexes in May and held assets of $108.28 billion. Forty-one ETFs tracked international equity indexes and held assets of $6.61 billion, while four ETFs tracked bond indexes.