IYW, BRAF: Big ETF Outflows
February 12, 2015 at 13:18 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 iShares US Technology ETF (IYW), where 15,250,000 units were destroyed, or a 34.9% decrease week over week. Among the largest underlying components of IYW, in morning trading today Apple (AAPL) is up about 1.6%, and Microsoft (MSFT) is higher by about 0.8%.