KBWB, FTXG: Big ETF Outflows
ETF Channel Staff - Thursday, July 20, 10:57 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares KBW Bank Portfolio (KBWB), where 1,850,000 units were destroyed, or a 9.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Nasdaq Food & Beverage ETF (FTXG), which lost 50,002 of its units, representing a 16.7% decline in outstanding units compared to the week prior. Among the largest underlying components of FTXG, in morning trading today Pepsico (PEP) is up about 0.3%, and Coca-Cola Company (KO) is relatively unchanged.