Exchange-traded funds saw their assets climb $3.14 billion to $121.57 billion in June, according to Washington-based trade association
Equity index ETFs rose $2.81 billion to $117.7 billion, while bond index ETF assets increased $323 billion to $3.87 billion. Domestic equity ETF assets rose $1.31 billion and international equity ET assets grew $1.51 billion.
The value of all ETF shares issued surpassed the value of shares redeemed by $860 million, the ICI said. Breaking down the numbers, equity index funds posted a net issuance of $508 million and bonds sported a net issuance of $352 million.
The total number of shares issued in June increased to $830 billion from $4.85 billion in May. Redemptions also increased to $7.44 billion from $3.77 billion last month. The data showed that 69 ETFs tracked domestic stock indices in June with assets totaling $109.59 billion. Meanwhile, forty-one ETFs tracked international equity indices and held $8.12 billion. As for fixed-income, four ETFs tracked bond indices.
