On the other hand, European markets experienced heavy outflows, especially after the so-called Brexit vote. The WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ) experienced $7.8 billion in outflows year-to-date while the non-hedged iShares MSCI EMU ETF (NYSEArca: EZU) lost $6.7 billion and Vanguard FTSE Europe ETF (NYSEArca: VGK) shrunk by $3.5 billion.
The WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) saw $5.7 billion in outflows and iShares MSCI Japan ETF (NYSEArca: EWJ) lost $4.3 billion after weak oil prices, uncertainty over China and a negative yield weighed on the Japanese markets.
The Deutsche X-trackers MSCI EAFE Hedged Equity ETF (NYSEArca: DBEF), which includes large weights in European and Japanese stocks, also shrunk by $5.4 billion.
The iShares China Large-Cap ETF (NYSEArca: FXI) also made it to the top 10 list, losing $2.3 billion, as the weakening yuan currency and concerns over the economy caused investors to pull out of the emerging market.
The PowerShares QQQ (NasdaqGM: QQQ), which tracks the tech heavy Nasdaq-100 Index, shrunk by $2.2 billion. While the Nasdaq-related ETF attracted inflows over the past few months, QQQ and other growth-related ETFs were pummeled during the early months of the year as investors shifted into the value style and sold off growth.
For more information on ETF flows, visit our ETF performance reports category.