XLU, ASEA: Big ETF Outflows
December 23, 2013 at 12:24 PM 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 Utilities Select Sector SPDR Fund (XLU), where 3.4 million units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy (DUK) is off about 0.3%, and Dominion Resources (D) is lower by about 0.5%.