GSG, FVL: Big ETF Outflows
August 04, 2016 at 10:48 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 iShares S&P GSCI Commodity-Indexed Trust (GSG), where 4,600,000 units were destroyed, or a 7.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Value Line 100 Exchange-Traded Fund (FVL), which lost 1,100,000 of its units, representing a 30.2% decline in outstanding units compared to the week prior.