PEY, RXI: Big ETF Outflows Tuesday, March 28, 10:48 AM 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 PowerShares High Yield Equity Dividend Achievers Portfolio (PEY), where 15,250,000 units were destroyed, or a 19.2% decrease week over week. Among the largest underlying components of PEY, in morning trading today Southern Company (SO) is off about 0.1%, and PPL Corporation (PPL) is up by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Global Consumer Discretionary ETF (RXI), which lost 450,000 of its units, representing a 17.6% decline in outstanding units compared to the week prior. Among the largest underlying components of RXI, in morning trading today Amazon.com (AMZN) is up about 0.6%, and Home Depot (HD) is lower by about 0.3%.
For MarketNewsVideo.com, I'm Sayoko Murase.
|