HYG, FKO: Big ETF Outflows
March 16, 2015 at 13:10 PM 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 iBoxx $ High Yield Corporate Bond ETF (HYG), where 13,200,000 units were destroyed, or a 7.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust South Korea AlphaDEX Fund (FKO), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.