According to a report by the Investment Company Institute, the combined assets of all US-based exchange traded funds (ETFs) exceeded $336 billion. For anyone that thinks ETFs are a passing fad, this number should change their minds.
Some other interesting statistics include:
- There is 5 times the number of dollars invested in domestic broad-based ETFs than in domestic sector-based ETFs.
- Domestic holdings are 3 times as large as international holdings.
- Overall assets increased 33% or by $84 billion.
- ETF share value issuance exceeded share value redemption by barely $2 billion i.e. more people are buying than selling.