PHB, KBWC: Big ETF Outflows
October 09, 2014 at 12:26 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 PowerShares Fundamental High Yield Corporate Bond Portfolio (PHB), where 2,800,000 units were destroyed, or a 8.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PowerShares KBW Capital Markets Portfolio (KBWC), which lost 49,999 of its units, representing a 33.3% decline in outstanding units compared to the week prior.