FXO, RXD: Big ETF Outflows
June 18, 2014 at 12:35 PM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Financials AlphaDEX Fund (FXO), where 3.3 million units were destroyed, or a 7.9% decrease week over week. Among the largest underlying components of FXO, in morning trading today Aspen Insurance (AHL) is off about 1.2%, and The Travelers (TRV) is higher by about 0.1%.