EEM, JPNL: Big ETF Outflows
ETF Channel Staff - Monday, August 31, 10:51 AMLooking 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 Emerging Markets ETF (EEM), where 31,950,000 units were destroyed, or a 4.9% decrease week over week. Among the largest underlying components of EEM, in morning trading today Credicorp (BAP) is off about 1.8%, and Southern Copper Corporation (SCCO) is lower by about 2.9%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Japan Bull 3x Shares (JPNL), which lost 50,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior. Among the largest underlying components of JPNL, in morning trading today iShares MSCI Japan Index (EWJ) is down about 1.2%.