PID, FDM: Big ETF Outflows
December 31, 2015 at 10:48 AM 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 PowerShares International Dividend Achievers Portfolio (PID), where 3,750,000 units were destroyed, or a 6.1% decrease week over week. Among the largest underlying components of PID, in morning trading today Amec Foster Wheeler (AMFW) is down about 1.1%, and Teekay LNG Partners LP (TGP) is lower by about 0.8%.