QQEW, GERJ: Big ETF Outflows
April 28, 2014 at 12:21 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 First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW), where 3,599,998 units were destroyed, or a 25.3% decrease week over week. Among the largest underlying components of QQEW, in morning trading today CH Robinson Worldwide (CHRW) is up about 0.9%, and Symantec (SYMC) is lower by about 0.1%.