IAU, ARGT: Big ETF Outflows
September 30, 2014 at 12:46 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 Gold Trust (IAU), where 3,900,000 units were destroyed, or a 0.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the MSCI Argentina ETF (ARGT), which lost 700,000 of its units, representing a 38.4% decline in outstanding units compared to the week prior.