PID, PBS: Big ETF Outflows

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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 International Dividend Achievers Portfolio ( PID ), where 11,800,000 units were destroyed, or a 19.1% decrease week over week. Among the largest underlying components of PID, in morning trading today Teekay LNG Partners LP ( TGP ) is off about 0.8%, and Teekay Offshore Partners LP ( TOO ) is lower by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Dynamic Media Portfolio ( PBS ), which lost 4,650,000 of its units, representing a 38.0% decline in outstanding units compared to the week prior. Among the largest underlying components of PBS, in morning trading today Dish Network Corporation ( DISH ) is down about 2.4%, and DIRECTV (DTV) is lower by about 0.6%.


PID, PBS: Big ETF Outflows VIDEO: PID, PBS: Big ETF Outflows



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: PID , TGP , TOO , PBS , DISH

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