IVW, BUL: Big ETF Outflows
ETF Channel Staff - Wednesday, December 30, 10:49 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 S&P 500 Growth ETF, where 57,450,000 units were destroyed, or a 10.2% decrease week over week. Among the largest underlying components of IVW, in morning trading today Apple is down about 0.6%, and Microsoft is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the BUL ETF, which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.