EFV, KESG: Big ETF Outflows
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 EAFE Value ETF, where 6,000,000 units were destroyed, or a 1.8% decrease week over week. Among the largest underlying components of EFV, in morning trading today Teva Pharmaceutical Industries is off about 0.5%, and Aercap Holdings is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the KESG ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
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