EFA, EFO: Big ETF Outflows
ETF Channel Staff - Friday, September 30, 10:47 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 EAFE ETF (EFA), where 9,600,000 units were destroyed, or a 0.9% decrease week over week. Among the largest underlying components of EFA, in morning trading today NXP Semiconductors (NXPI) is up about 7.9%, and Check Point Software Tech (CHKP) is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MSCI EAFE (EFO), which lost 25,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior.