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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 iShares Core S&P 500 ETF, where 40,500,000 units were destroyed, or a 7.1% decrease week over week. Among the largest underlying components of IVV, in morning trading today Apple is up about 0.6%, and Microsoft 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 Momentum Portfolio, which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of IDMO, in morning trading today Autoliv is up about 0.2%, and Royal Bank of Canada is lower by about 0.7%.
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.
