SPLV, AXJV: Big ETF Outflows Thursday, February 28, 12:00 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 Invesco S&P 500® Low Volatility ETF (SPLV), where 12,550,000 units were destroyed, or a 6.3% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Exelon Corporation (EXC) is up about 0.4%, and Nextera Energy (NEE) is up by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Edge MSCI Min Vol Asia ex Japan ETF (AXJV), which lost 100,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior. Among the largest underlying components of AXJV, in morning trading today Alibaba Group Holding (BABA) is off about 1.5%, and Infosys (INFY) is lower by about 0.1%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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