EMLC, UGE: Big ETF Outflows
ETF Channel Staff - Friday, June 22, 11:05 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 J.P. Morgan EM Local Currency Bond ETF, where 10,000,000 units were destroyed, or a 3.8% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Consumer Goods, which lost 75,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.