SCZ, HEWI: Big ETF Outflows
ETF Channel Staff - Thursday, December 14, 11:03 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 MSCI EAFE Small-Cap ETF (SCZ), where 5,600,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of SCZ, in morning trading today Interxion Holding (INXN) is up about 0.8%, and Orbotech (ORBK) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged MSCI Italy ETF (HEWI), which lost 50,000 of its units, representing a 16.7% decline in outstanding units compared to the week prior.