The small-cap iShares Russell 2000 (NYSEArca: IWM) has seen outflows of $1.1 billion over the same period. [Small-Cap ETFs May Signal Big Trouble for Market]
“There’s been a general consensus that the earnings season coming out wasn’t going to be as robust as previous quarters,” said Matthew Lemieux, analyst at Lipper, in the Reuters report.
“Institutional investors probably saw on the horizon that there would be some weakness,” Lemieux added, with regard to the ETF outflows.
Full disclosure: Tom Lydon’s clients own SPY and IWM.
