Asset in exchange-traded funds fell by $990 million to slightly more than $82 billion in January, the Investment Company Institute reported today. That follows an increase of more than $4 billion in ETF assets in the previous month.
Nearly all of Januarys decrease came from domestic ETFs, which fell by $929 million. International ETFs, which comprise one-third of the ETFs registered in the U.S., decreased by $61 million, according to the ICI.
The value of shares issued dropped from $8.43 billion to $4.78 billion in January. However, net issuance remained slightly positive at $256 million because the value of gross redemptions decreased by $300 million.