LQD, EXI: Big ETF Outflows
ETF Channel Staff - Friday, September 1, 11:00 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 iShares iBoxx $ Investment Grade Corporate Bond ETF, where 1,500,000 units were destroyed, or a 0.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Global Industrials ETF, which lost 1,000,000 of its units, representing a 27.8% decline in outstanding units compared to the week prior. Among the largest underlying components of EXI, in morning trading today General Electric is up about 1.5%, and Boeing is higher by about 0.5%.