News Column

MDIV, KOLD: Big ETF Outflows

July 1, 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 Multi-Asset Diversified Income Index Fund (MDIV), where 7,850,000 units were destroyed, or a 19.7% decrease week over week. Among the largest underlying components of MDIV, in morning trading today Ishares Iboxx High Yield Corporate Bond (HYG) is up about 0.1%, and Pennymac Mortgage Trust (PMT) is up by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort DJ-UBS Natural Gas (KOLD), which lost 250,000 of its units, representing a 16.9% decline in outstanding units compared to the week prior.

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