EWU, EMFM: Big ETF Outflows
ETF Channel Staff - Monday, March 28, 11:14 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI United Kingdom ETF (EWU), where 3,600,000 units were destroyed, or a 2.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Next Emerging & Frontier ETF (EMFM), which lost 300,000 of its units, representing a 31.6% decline in outstanding units compared to the week prior. Among the largest underlying components of EMFM, in morning trading today First Quantum Minerals (FM.CA) is down about 5%, and Gold Fields (GFI) is lower by about 1.9%.