FDT, FDTS: Big ETF Outflows
ETF Channel Staff - Friday, October 20, 10:54 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Developed Markets ex-US AlphaDEX Fund (FDT), where 3,100,000 units were destroyed, or a 21.7% decrease week over week. Among the largest underlying components of FDT, in morning trading today KT Corporation (KT) is off about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS), which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.