HEDJ, FDT: Big ETF Outflows
ETF Channel Staff - Thursday, June 30, 10:48 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the WisdomTree Europe Hedged Equity Fund (HEDJ), where 11,950,000 units were destroyed, or a 5.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Developed Markets ex-US AlphaDEX Fund (FDT), which lost 1,650,000 of its units, representing a 34.0% decline in outstanding units compared to the week prior.