Net Issuance Increases Following Two Months of Net Redemptions
Total assets of exchange-traded funds rose to $75.6 billion at the end of June, the Investment Company Institute announced today. That represents about a 4% increase from the end of May, after a slight decrease from the previous month.
Domestic Broad-based ETF assets rose from $63.7 billion to $66.9 billion, however domestic sector ETFs fell slightly from $7.09 billion to $6.72 billion in June. Global ETF assets stood at $1.92 billion at the end of June, unchanged from the end of May.
The value of shares issued exceeded that of shares redeemed by $3.42 billion in June, after net redemptions in April and May.