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Investors Are Fleeing From Emerging Markets And Gold Funds

Wednesday, November 16, 2016 10:57
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The money flows story lately has focused mainly on the massive ETF creation flows in major Index ETFs like SPY (over $14 billion in) and IWM (Russell 2000, more than $6 billion in) post the U.S. Presidential election, but some other moves are worth mentioning as well.

On the other hand, on weakness overseas, EEM (MSCI Emerging Markets) has seen more than $2 billion leave the fund in recent sessions. That big money exodus isn’t all that surprising, though, given the carnage in the emerging markets space in the past several days, no doubt driven by fears that newly-elected president Donald Trump will renegotiate foreign trade agreements.

EEM blitzed right through 200-day moving average before finding some support there yesterday, and is finding a home in today’s trading session as well. EEM is actually down more than 1% as we head into the afternoon hours, though, in a sign that the recovery there might be short lived.


Emerging markets will continue to gain plenty of attention over the following weeks and months, so investors are well advised to keep an eye on funds in that space as we head toward the holidays.

There have also been some sellers around in Gold, as evidenced by outflows in GLD (SPDR Gold) and IAU (iShares Gold) seeing outflows to the tune of over $840 million and over $740 million respectively in the past couple days.

Meanwhile, QTEC (First Trust NASDAQ-100 Technology Sector), which we profiled yesterday, continues to reel in new assets (more than $950 million in), as the massive Trump-fueled sector rotation continues to roil the financial markets.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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