WASHINGTON - Assets held by the nations exchange-traded funds fell 10.8% in February from January, to $64.3 billion, reflecting the general decline in stock values, according to the Investment Company Institute, a mutual fund trade organization.
Asset declined across all categories, including broad-based domestic funds, which were down 10%, to $56.8 billion; domestic sector funds, down 11%, to $5.5 billion; and global funds, down 6%, to $1.9 billion.
But investors continued to buy these funds, and institutions to issue them. A net total of $3.2 billion in exchange-traded funds were issued in February, up from $2.3 billion, according to the ICI.
