HEWG, CBON: Big ETF Outflows
ETF Channel Staff - Tuesday, February 9, 11:04 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 Currency Hedged MSCI Germany ETF (HEWG), where 6,250,000 units were destroyed, or a 12.6% decrease week over week. Among the largest underlying components of HEWG, in morning trading today iShares MSCI Germany Index (EWG) is down about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the ChinaAMC China Bond ETF (CBON), which lost 400,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.