HYG, OBOR: Big ETF Outflows
ETF Channel Staff - Wednesday, September 15, 11:11 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 $ High Yield Corporate Bond ETF, where 9,100,000 units were destroyed, or a 4.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the OBOR ETF, which lost 100,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase