EEM, TECS: Big ETF Outflows
March 24, 2014 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 MSCI Emerging Markets ETF (EEM), where 20,250,000 units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of EEM, in morning trading today Credicorp (BAP) is off about 1.1%, and Mobile Telesystems (MBT) is up by about 1.7%.