News Column

XLK, EEMA: Big ETF Outflows

June 19, 2014

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Technology Select Sector SPDR Fund (XLK), where 3,700,000 units were destroyed, or a 1.1% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple (AAPL) is trading flat, and Microsoft (MSFT) is relatively unchanged.

And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Emerging Markets Asia ETF (EEMA), which lost 300,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.

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