ILF, DRIP: Big ETF Outflows
updated Thursday, November 21, 10:47 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Latin America 40 ETF (ILF), where 5,000,000 units were destroyed, or a 9.3% decrease week over week. Among the largest underlying components of ILF, in morning trading today Itau Unibanco Banco Holding (ITUB) is trading flat, and Vale (VALE) is higher by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP), which lost 250,000 of its units, representing a 33.1% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.