The market's recent run has investors on the hunt for where to put their money. So where are the biggest bets being placed in 2013?
According to data by IndexUniverse, an independent data provider covering the ETF industry, investors seem to be avoiding lower-yielding securities and, instead, piling into more international funds.
WisdomTree Japan Hedged Equity, for example, received net flows of over a $1 billion in January. The fund's strategy provides exposure to equities in Japan, while hedging against fluctuations between the value of the U.S. dollar and the Japanese yen.
Emerging markets funds, which were hot in 2012, continue to show strength this year on the heels of economic improvements in the U.S. and abroad.
The largest outflows appear to be centered around some of the ETFs tracking U.S. equities, U.S. fixed income and gold.