RSX, EET: Big ETF Outflows
ETF Channel Staff - Thursday, April 17, 12:55 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Russia ETF (RSX), where 1,500,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of RSX, in morning trading today Mobile Telesystems (MBT) is up about 3.1%, and Yandex (YNDX) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra MSCI Emerging Markets (EET), which lost 100,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior.