SHV, EEB: 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 Short Treasury Bond ETF (SHV), where 7,000,000 units were destroyed, or a 3.6% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Invesco BRIC ETF (EEB), which lost 650,000 of its units, representing a 29.5% decline in outstanding units compared to the week prior. Among the largest underlying components of EEB, in morning trading today Alibaba Group Holding (BABA) is down about 2.1%, and Vale (VALE) is lower by about 1.5%.

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