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 Dynamic Large Cap Value Portfolio, where 6,250,000 units were destroyed, or a 14.6% decrease week over week. Among the largest underlying components of PWV, in morning trading today Citigroup is off about 2%, and Bank of America is lower by about 2.4%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Dynamic Software Portfolio, which lost 650,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of PSJ, in morning trading today Vmware is off about 0.5%, and Cadence Design Systems is up by about 0.4%.
For MarketNewsVideo.com, I'm Sayoko Murase