Investors didn’t neglect the emerging markets either, funneling $1.3 billion into both the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) and the iShares Core MSCI Emerging Markets ETF (NYSEArca: IEMG).
Traders also seemed to remain rather risk-on as the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) attracted $1.2 billion and iShares Russell 2000 ETF (NYSEArca: IWM) expanded by $956 million.
On the other hand, gold miner ETF dulled as investors pulled $1.0 billion from VanEck Vectors Gold Miners ETF (NYSEArca: GDX) and $600 million from VanEck Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) over the past month.
Nevertheless, the magnitude of outflows from other less popular plays over the past month suggest that investors may just be either taking profits or reacting to short-term moves. For instance, among broad market options, the SPDR S&P MidCap 400 ETF (NYSEArca: MDY) saw $645 million in outflows, iShares Core S&P Small-Cap ETF (NYSEArca: IJR) shrunk by $380 million and PowerShares QQQ (NasdaqGM: QQQ) lost $283 million.
Among sector bets, the Vanguard REIT ETF (NYSEArca: VNQ) experienced $457 million in outflows, which may not be too surprising as we embark on a rising rate schedule ahead. The Financial Select Sector SPDR (NYSEArca: XLF) lost $439 million on concerns over earnings and the Trump administration’s ability to execute pro-growth policies. Additionally, the Health Care Select Sector SPDR (NYSEArca: XLV) saw $351 million in outflows on uncertainty over the Affordable Care Act.
Lastly, investors yanked $384 million from WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ).