Investors are shifting assets to prepare for a high interest rate environment, leading to the $18 billion loss in the SPDR Gold (NYSEArca: GLD). [Global Gold ETFs See Biggest Quarterly Outflow]
Investors have also focused on small-cap and mid-cap U.S. equities, which have gathered $2.3 billion and $700 million in assets under management for the month of June.
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD and EEM.