News Column

FXR, SAGG: Big ETF Outflows

February 13, 2014

MarketNewsVideo.com



Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), where 9.7 million units were destroyed, or a 27.1% decrease week over week. Among the largest underlying components of FXR, in morning trading today Manitowoc Company (MTW) is up about 0.4%, and Delta Air Lines (DAL) is lower by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Total Bond Market Bear 1x Shares ETF (SAGG), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201402Outflows021314&mv=1.


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Source: MarketNewsVideo.com


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