RSX, CARZ: Big ETF Outflows
ETF Channel Staff - Monday, February 27, 11:11 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Russia ETF, where 1,600,000 units were destroyed, or a 1.2% decrease week over week. Among the largest underlying components of RSX, in morning trading today Mobile Telesystems is off about 0.8%, and Yandex is lower by about 1.1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust NASDAQ Global Auto Index Fund, which lost 250,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of CARZ, in morning trading today General Motors is up about 1.2%, and Ford Motor is up by about 0.6%.