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XLF, IPKW: 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 Financial Select Sector SPDR Fund ( XLF ), where 29,100,000 units were destroyed, or a 3.7% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo ( WFC ) is up about 0.3%, and Berkshire Hathaway Class B (BRK.B) is up by about 0.6%.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares International BuyBack Achievers Portfolio ( IPKW ), which lost 450,000 of its units, representing a 39.1% decline in outstanding units compared to the week prior. Among the largest underlying components of IPKW, in morning trading today Mistras Group ( MG ) is up about 0.6%, and Tim Hortons ( THI ) is relatively unchanged.

VIDEO: XLF, IPKW: Big ETF Outflows

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.

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