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 China Large-Cap ETF, where 22,200,000 units were destroyed, or a 11.6% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the WEBs Defined Volatility SPY ETF, which lost 40,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of DVSP, in morning trading today SPDR S&P 500 is up about 1.8%.
VIDEO: FXI, DVSP: Big ETF Outflows
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