News Column

XLK, EWO: Big ETF Outflows

June 27, 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 7,550,000 units were destroyed, or a 2.2% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple (AAPL) is up about 0.8%, and Microsoft (MSFT) is higher by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Austria Capped ETF (EWO), which lost 1,400,000 of its units, representing a 28.0% decline in outstanding units compared to the week prior.

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