IYR, EFZ: Big ETF Outflows
June 12, 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 US Real Estate ETF (IYR), where 5,100,000 units were destroyed, or a 6.6% decrease week over week. Among the largest underlying components of IYR, in morning trading today Simon Property Group (SPG) is down about 0.6%, and American Tower (AMT) is lower by about 0.9%.