XLF, FCAN: Big ETF Outflows
July 16, 2015 at 10:47 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 Financial Select Sector SPDR Fund (XLF), where 64,800,000 units were destroyed, or a 7.6% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (WFC) is up about 0.8%, and Berkshire Hathaway Class B (BRK.