PGX, DXKW: Big ETF Outflows
April 10, 2015 at 11:04 AM 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 Preferred Portfolio (PGX), where 3,250,000 units were destroyed, or a 1.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Korea Hedged Equity Fund (DXKW), which lost 300,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.