VGK, GULF: Big ETF Outflows
ETF Channel Staff - Thursday, July 31, 12:25 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Vanguard FTSE Europe ETF (VGK), where 2,699,946 units were destroyed, or a 1.0% decrease week over week. Among the largest underlying components of VGK, in morning trading today Nestle (NSRGY) is down about 1%, and Novartis AG (NVS) is lower by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Middle East Dividend Fund (GULF), which lost 1,000,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.