XLU, FTW: Big ETF Outflows
October 22, 2012 at 13:00 PM EDT
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Utilities Select Sector SPDR Fund (XLU), which shed 4,400,000 shares, or a 2.6% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the First Trust Taiwan AlphaDEX Fund (FTW), which lost 50,000 of its shares, for a whopping 50.0% decline in outstanding shares.