LQD, UBR: Big ETF Outflows
ETF Channel Staff - Friday, December 9, 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 iBoxx $ Investment Grade Corporate Bond ETF (LQD), where 6,700,000 units were destroyed, or a 2.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MSCI Brazil Capped (UBR), which lost 100,000 of its units, representing a 24.0% decline in outstanding units compared to the week prior.