SCPB, IPU: Big ETF Outflows
ETF Channel Staff - Tuesday, May 10, 11:10 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Barclays Short Term Corporate Bond ETF, where 12,800,000 units were destroyed, or a 8.8% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P International Utilities Sector ETF, which lost 600,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of IPU, in morning trading today Korea Electric Power is off about 2.2%, and Fortis is higher by about 0.8%.