XLF, CHIQ: Big ETF Outflows
ETF Channel Staff - Monday, August 20, 10:49 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (XLF), where 33,450,000 units were destroyed, or a 2.9% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway (BRK.B) is up about 0.3%, and JP Morgan Chase (JPM) is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the China Consumer ETF (CHIQ), which lost 4,800,000 of its units, representing a 28.4% decline in outstanding units compared to the week prior. Among the largest underlying components of CHIQ, in morning trading today JD.COM (JD) is up about 2.6%, and New Oriental Education & Technology (EDU) is higher by about 2%.