Exchange-traded fund assets decreased $3.44 billion in August, bringing total assets to $72.09 billion, the Investment Company Institute reported today.
The decrease in ETF assets was seen in domestic broad-based funds, which fell by $3.78 billion or 5.6%, according to the ICI. Domestic sector funds increased slightly by $97 million and international ETF assets rose $248 million to $2.09 billion.
While the value of total ETF shares issued fell from $5.62 billion to $5.42 billion in August, net issuance actually increased slightly by $102 million to $2.68 billion, according to the ICI.
The number of domestic ETFs stayed at 66 in August, however one international ETF was launched bringing the total to 26, according to the ICI. As always, the ICI excludes trust-issued receipts, such as the Merrill Lynch-sponsored Holding Company Depository Receipts (HOLDRS) from its statistics, because they are not issued by registered investment companies.