News Column

XLI, BZQ: Big ETF Outflows

August 22, 2014

MarketNewsVideo.com



Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Industrial Select Sector SPDR Fund (XLI), where 26.1 million units were destroyed, or a 13.5% decrease week over week. Among the largest underlying components of XLI, in morning trading today General Electric (GE) is down about 0.6%, and Union Pacific (UNP) is up by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort MSCI Brazil Capped ETF (BZQ), which lost 50,000 of its units, representing a 15.4% decline in outstanding units compared to the week prior.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201408Outflows082214&mv=1.


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Source: MarketNewsVideo.com


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