EEM, EDOW: Big ETF Outflows Thursday, August 15, 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 iShares MSCI Emerging Markets ETF (EEM), where 45,900,000 units were destroyed, or a 6.5% decrease week over week. Among the largest underlying components of EEM, in morning trading today Alibaba Group Holding (BABA) is up about 3%, and Baidu (BIDU) is lower by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Dow 30 Equal Weight ETF (EDOW), which lost 800,000 of its units, representing a 34.0% decline in outstanding units compared to the week prior. Among the largest underlying components of EDOW, in morning trading today Intelsat (I) is down about 0.9%, and Apple (AAPL) is up by about 0.1%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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