Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Vanguard FTSE Emerging Markets ETF ( VWO ), where 13,183,313 units were destroyed, or a 1.3% decrease week over week. Among the largest underlying components of VWO, in morning trading today Petroleo Brasileiro ( PBR.A ) is up about 6.3%, and Vale (VALE.P) is higher by about 8.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Permanent ETF ( PERM ), which lost 100,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior. Among the largest underlying components of PERM, in morning trading today AT&T ( T ) is trading flat, and Abbvie ( ABBV ) is lower by about 0.2%.
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.
