Emerging markets have been problematic on the outflow front as well. Add the iShares MSCI Emerging Markets ETF (NYSEArca: EEM) and the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) to the group of SPY, IVV and IWM, those ETFs have seen combined outflows of $35.2 billion in just six weeks, according to Colas.
“This is too large a number to simply note with an asterisk and focus on the other 1,562 exchange traded products that are, in aggregate, up $26.9 billion in fresh money for 2014,” he said.
There are bright spots amid the departures from broader U.S. equity ETFs with Europe being a prime example. The iShares MSCI EMU ETF (NYSEArca: EZU) and the Vanguard FTSE Europe ETF (NYSEArca: VGK) have brought in nearly $3 billion combined since the start of the year while the WisdomTree Europe SmallCap Dividend Fund (NYSEArca: DFE) recently joined the $1 billion in assets club after having less than $500 million in early December. [Europe ETFs Enjoying Massive Inflows]
Colas also points out that health care and technology funds have combined for nearly $6 billion worth of inflows.
Tom Lydon’s clients own shares of EEM, IWM and SPY.