Investment Company Institute: Net ETF Shares Issued Hit $23 Billion Last Week
WASHINGTON, Feb. 25, 2025 /PRNewswire/ -- The Investment Company Institute reported today that the estimated value of all exchange-traded fund1 (ETF) shares issued exceeded that of shares redeemed by more than $23 billion for the week ended February 19, 2025. In addition to this latest look at fund flows and what they reveal about the market, ICI will also be publishing long-term mutual fund flows and a report that combines data for ETFs and mutual funds, available on the ICI website. The data published today show solid net issuance in taxable bond and domestic equity ETFs, as well as a pickup in the pace of world equity issuance. As the Wall Street Journal noted yesterday, the US stock market makes up two-thirds of global market value, and the US continues to boast deep and liquid fixed-income markets, as ICI's data show.
ETF Estimated Net Issuance
Millions of dollars
2/19/2025 | 2/12/2025 | 2/5/2025 | 1/29/2025 | 1/22/2025 | ||
Equity | 11,648 | 9,450 | 5,967 | 18,580 | 13,326 | |
Domestic | 7,411 | 6,509 | 6,022 | 16,498 | 13,840 | |
World | 4,237 | 2,940 | -55 | 2,081 | -514 | |
Hybrid | 156 | 148 | 107 | 106 | 143 | |
Bond | 9,797 | 11,635 | 8,279 | 7,882 | 10,196 | |
Taxable | 9,016 | 10,250 | 8,171 | 7,827 | 8,156 | |
Municipal | 782 | 1,385 | 109 | 55 | 2,040 | |
Commodity | 1,814 | 1,614 | -236 | -699 | -595 | |
Total | 23,415 | 22,847 | 14,117 | 25,868 | 23,070 |
Note: Components may not add to the total because of rounding. Includes funds not registered under the Investment Company Act of 1940.
Equity ETFs2 had estimated net issuance of $11.65 billion for the week, compared to estimated net issuance of $9.45 billion in the previous week. Domestic equity ETFs had estimated net issuance of $7.41 billion, and world equity ETFs had estimated net issuance of $4.24 billion.
Hybrid ETFs2—which can invest in stocks and fixed-income securities—had estimated net issuance of $156 million for the week, compared to estimated net issuance of $148 million in the previous week.
Bond ETFs2 had estimated net issuance of $9.80 billion for the week, compared to estimated net issuance of $11.64 billion during the previous week. Taxable bond ETFs saw estimated net issuance of $9.02 billion, and municipal bond ETFs had estimated net issuance of $782 million.
Commodity ETFs2—which are ETFs (both registered and not registered under the Investment Company Act of 1940) that invest primarily in commodities, currencies, and futures—had estimated net issuance of $1.81 billion for the week, compared to estimated net issuance of $1.61 billion during the previous week.
If you have any questions or would like to request additional comments on this or data on another topic, please contact a member of ICI's Media Relations team at media@ici.org.
Notes: Weekly ETF net issuance are estimates that represent industry totals. Actual net issuance data are collected on a monthly basis and are reported in ICI's "Monthly Exchange-Traded Fund Data"; therefore, there are differences between these weekly estimates and the monthly net issuance. Data for previous weeks may reflect revisions because of data adjustments, reclassifications, and changes in the number of ETFs reporting. Historical flow data are available on the ICI website.
1 Data for ETFs that invest primarily in other ETFs were excluded from the series.
2 ICI classifies ETFs based on language in the fund prospectus. For a detailed description of ICI classifications, please see ICI ETF Investment Objective Definitions.
Media Contact: media@ici.org
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SOURCE Investment Company Institute