SPLV, AXJV: 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 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%.

SPLV, AXJV: Big ETF Outflows VIDEO: SPLV, AXJV: 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 Symbols: SPLV , EXC , NEE , AXJV , BABA

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