IYJ, KBWC: 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 U.S. Industrials ETF ( IYJ ), where 4,150,000 units were destroyed, or a 32.4% decrease week over week. Among the largest underlying components of IYJ, in morning trading today General Electric ( GE ) is down about 0.2%, and United Technologies ( UTX ) is up by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares KBW Capital Markets Portfolio ( KBWC ), which lost 99,999 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
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