VGK, GULF: 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 Vanguard FTSE Europe ETF ( VGK ), where 2,699,946 units were destroyed, or a 1.0% decrease week over week. Among the largest underlying components of VGK, in morning trading today Nestle ( NSRGY ) is down about 1%, and Novartis AG ( NVS ) is lower by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Middle East Dividend Fund ( GULF ), which lost 1,000,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.

VGK, GULF: Big ETF Outflows VIDEO: VGK, GULF: Big ETF Outflows

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

This article appears in: Investing Investing Ideas
Referenced Stocks: VGK , NSRGY , NVS , GULF

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