In spite of a relatively better index performance, the iShares Russell 2000
ETF (IWM) was also among the notable outflows.
The group includes Apple Inc, Bank of America Corp, BP Plc, Citigroup Inc, iShares MSCI Emerging Markets Fund, SPDR Gold Trust, the iShares Russell 2000
Index Fund Powershares QQQ Trust fund, SPDR S&P 500 Trust fund and the Financial Select Sector SPDR fund.
The iSHARES Russell 2000
security had 117,350,000 shares outstanding at the end of 2005, a rise from 4,500,000 when it was debuted in 2000.
On the redemptions side, the iShares MSCI EAFE ETF (EFA) and iShares Russell 2000
ETF (IWM) were nearly half of total outflows, with the EFA over 34% of redemptions alone.
The iShares Russell 2000
Index (IWM) is one of just three small-cap ETFs with an "overweight" recommendation from S&P's new qualitative and quantitative ETF assessment tool, which takes into account the outlook for the members of the index which the ETF tracks, as well as historically based measures of cost, risk, and performance.
Funds seeing significant creations include the other major indexes such as the PowerShares QQQ Trust (QQQ), iShares Russell 2000
ETF (RUT), and SPDR Dow Jones Industrial Average ETF Trust (DIA).
The iShares Russell 1000 Value ETF (IWD), iShares Russell 2000
ETF (IWM), and iShares Russell 1000 Growth ETF (IWF) saw outflows comprising over 43% of redemptions.
And although the S&P MidCap 400 ETF (MDY) and iShares Russell 2000
small-cap ETF (IWM) have lagged, both have been trending higher over the past two months.
BlackRock also had a big loser in its iShares Russell 2000
ETF (IWM), with outflows of $1.