XLP, KOLD: Big ETF Outflows
December 10, 2013 at 12:30 PM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Consumer Staples Select Sector SPDR Fund (XLP), where 3.8 million units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble (PG) is down about 1.2%, and Coca Cola (KO) is lower by about 1.4%.