FEX, FNY: Big ETF Outflows
ETF Channel Staff - Monday, October 16, 10:52 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 Large Cap Core AlphaDEX Fund (FEX), where 5,300,000 units were destroyed, or a 16.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Mid Cap Growth AlphaDEX Fund (FNY), which lost 1,050,000 of its units, representing a 26.9% decline in outstanding units compared to the week prior.