Exchange traded funds (ETFs) that invest in U.S. stocks raked in a net $13.3 billion in the week ending December 12, reports Rob Lenihan at TheStreet.com. The week before, ETFs had $1.5 billion in redemptions, so the turnaround makes up for it.

ETFs that invest primarily in non-U.S. stocks brought in $2.78 billion whereas the previous week, they took in $4.39 billion.

For funds that invest in stocks, the story is a little different: Lenihan says investors continued to take money out of domestic funds and invest overseas instead. Stock funds lost $4.86 billion the week ending December 12. The funds that invest in international stocks took in a net $141 million. Although that’s down from the $1.7 billion from the week before, international funds are still bringing in money.

Vincent Deluard, Global Equity Strategist at TrimTabs, says the situation might be attributed to a weak dollar. "People want to hold anything but dollars."

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