EEM, AFIF: Big ETF Outflows
August 23, 2019 at 10:57 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 MSCI Emerging Markets ETF (EEM), where 31,500,000 units were destroyed, or a 4.8% decrease week over week. Among the largest underlying components of EEM, in morning trading today Alibaba Group Holding (BABA) is off about 1.4%, and Baidu (BIDU) is lower by about 0.5%.