Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Morningstar Dividend Leaders Index Fund ( FDL ), where 14,900,000 units were destroyed, or a 19.6% decrease week over week. Among the largest underlying components of FDL, in morning trading today Exxon Mobil Corporation ( XOM ) is down about 0.4%, and AT&T ( T ) is higher by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares S&P International Developed High Dividend Low Volatility Portfolio ( IDHD ), which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of IDHD, in morning trading today Affiliated Managers Group ( MGR ) is trading flat, and Gramercy Property Trust (GPT) is higher by about 0.4%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
