PSP, LDRI: 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 Global Listed Private Equity Portfolio ( PSP ), where 4,050,000 units were destroyed, or a 15.9% decrease week over week. Among the largest underlying components of PSP, in morning trading today Leucadia National Corporation ( LUK ) is up about 0.1%, and Ares Capital Corporation ( ARCC ) is up by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares LadderRite 0-5 Year Corporate Bond Portfolio ( LDRI ), which lost 500,000 of its units, representing a 35.7% decline in outstanding units compared to the week prior.

PSP, LDRI: Big ETF Outflows VIDEO: PSP, LDRI: 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
Referenced Symbols: PSP , ARCC , LDRI

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