Market News Video
EWC, MIDU: Big ETF Outflows
Thursday, October 16, 12:52 PM ET

Looking 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 Canada ETF (EWC), where 6,200,000 units were destroyed, or a 5.5% decrease week over week. Among the largest underlying components of EWC, in morning trading today Brookfield Asset Management (BAM) is off about 1.5%, and Rogers Communications (RCI) is lower by about 1.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Mid Cap Bull 3x Shares (MIDU), which lost 299,967 of its units, representing a 30.0% decline in outstanding units compared to the week prior. Among the largest underlying components of MIDU, in morning trading today SPDR S&P MidCap 400 ETF (MDY) is down about 0.6%.

For MarketNewsVideo.com, I'm Sayoko Murase.

EWC, MIDU: Big ETF Outflows
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