ESGE, SVIX: 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 ESG Aware MSCI EM ETF, where 15,500,000 units were destroyed, or a 9.8% decrease week over week. Among the largest underlying components of ESGE, in morning trading today Baidu is up about 1.4%, and NIO is higher by about 4.9%.
And on a percentage change basis, the ETF with the biggest outflow was the SVIX ETF, which lost 3,540,000 of its units, representing a 34.6% decline in outstanding units compared to the week prior.
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