News Column

SPY, SMIN: Big ETF Outflows

July 24, 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 SPDR S&P 500 ETF (SPY), where 24 million units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of SPY, in morning trading today Apple (AAPL) is off about 0.4%, and Exxon Mobil (XOM) is higher by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI India Small-Cap ETF (SMIN), which lost 50,000 of its units, representing a 12.5% decline in outstanding units compared to the week prior.

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