USMV, ENGN: Big ETF Outflows
June 06, 2014 at 12:40 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 USA Minimum Volatility ETF (USMV), where 4,200,000 units were destroyed, or a 5.5% decrease week over week. Among the largest underlying components of USMV, in morning trading today Merck & Company (MRK) is off about 0.4%, and Pepsico (PEP) is lower by about 0.1%.