XLI, EEME: Big ETF Outflows
ETF Channel Staff - Tuesday, December 18, 12:42 PMTurning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Industrial Select Sector SPDR Fund (XLI), which shed 4,500,000 shares, or a 4.7% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the iShares MSCI Emerging Markets EMEA Index Fund (EEME), which lost 100,000 of its shares, for a whopping 50.0% decline in outstanding shares. Among the largest underlying components of EEME, in morning trading today Mobile Telesystems Ojsc (MBT) is up about 0.9%, and Mechel Oao (MTL) is higher by about 0.1%.