News Column

PHB, PZI: Big ETF Outflows

August 7, 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 PowerShares Fundamental High Yield Corporate Bond Portfolio (PHB), where 2,700,000 units were destroyed, or a 8.1% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Zacks Micro Cap Portfolio (PZI), which lost 1,350,000 of its units, representing a 38.0% decline in outstanding units compared to the week prior. Among the largest underlying components of PZI, in morning trading today Intervest Bancshares (IBCA) is off about 0.5%, and The Phoenix Companies (PNX) is up by about 3.7%.

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