“If there’s a significant change in the outlook, certainly we would be open to reconsidering,” Yellen said in testimony to Senate Banking Committee on Feb. 27.
Looking overseas, investors threw $448.8 million into international equity ETFs, notably into Japanese, Italian and Spanish stocks. On the other hand, emerging market funds saw $12.1 billion in outflows, more than doubling total redemptions of $5.6 billion for all of 2013, as economists predict slowing growth in the developing world. [EM ETFs Experience Heavy Redemptions in Risk-Off Environment]
“It is clear that developed markets will pull along the developing markets,” Quinlan added. “We haven’t hit the bottom with emerging markets. Investors are expecting them to get cheaper and want them to get cheaper before they take on that risk. They’re also looking for more stability over there.”
For more information on the ETF flows, visit our ETF performance reports category.
Max Chen contributed to this article.