News Column

XLU, IWX: Big ETF Outflows

June 2, 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 Utilities Select Sector SPDR Fund (XLU), where 4,900,000 units were destroyed, or a 3.5% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy (DUK) is off about 0.4%, and Nextera Energy (NEE) is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares Russell Top 200 Value ETF (IWX), which lost 1,800,000 of its units, representing a 27.7% decline in outstanding units compared to the week prior.

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