EFV, GLL: Big ETF Outflows
ETF Channel Staff - Wednesday, December 9, 10:50 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 MSCI EAFE Value ETF, where 8,000,000 units were destroyed, or a 5.2% decrease week over week. Among the largest underlying components of EFV, in morning trading today Teva Pharmaceutical Industries is down about 1.1%, and Coca-cola European Partners is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares UltraShort Gold, which lost 200,000 of its units, representing a 25.1% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase