It is probably worth noting that the VWO gained only 0.25% in August but the GLD gained 4.9% in price during the month.
IndexUniverse said, “The three-least-popular ETFs last month were all U.S.-focused equity funds, which fueled outflows from U.S. equities of $4.12 billion.” That coincides with the $105 billion SPDR S&P 500 ETF (NYSEMKT: SPY) as the largest ETF that there is having redemptions of $4.37 billion. The SPDR Dow Jones Industrial Average Trust (NYSEMKT: DIA) had outflows of $1.35 billion and the iShares Russell 2000 Index Fund (NYSEMKT: IWM) saw outflows of $713.8 million.
As far as the ETF universe overall, investors added in $5.75 billion into ETFs in August and total assets rose 2.2% (with a 0.6% DJIA gain) to almost $1.235 trillion. IndexUniverse said that this total for August was just shy of the all-time high of $1.240 trillion.
JON C. OGG