Exchange-traded fund assets decreased $7.82 billion, over 10 percent, in February, leaving total assets of $64.31 billion, according to the Investment Company Institute of Washington, D.C.
The decrease reflects the overall decline in domestic stock values, according to the ICI. Domestic ETFs account for 57 of the 82 total funds included in the ICIs report. The ICI does not include Holding Company Depository Receipts, ETFs sponsored by Merrill Lynch of New York, because they are not issued by a registered investment company.
Net issuance of ETF shares slightly increased to $3.21 billion in February, up from $2.34 billion in January, according to the ICI. Net issuance in December 2000 was over $10 billion.