FVD, FXEU: Big ETF Outflows Thursday, November 30, 10:47 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 First Trust Value Line Dividend Index Fund (FVD), where 3,850,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying components of FVD, in morning trading today Amerisourcebergen Corporation (ABC) is up about 0.3%, and Emerson Electric Company (EMR) is higher by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Europe Currency Hedged Low Volatility Portfolio (FXEU), which lost 49,999 of its units, representing a 14.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.
|