EEM, MIDZ: Big ETF Outflows
May 18, 2016 at 11:15 AM 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 Emerging Markets ETF (EEM), where 42,300,000 units were destroyed, or a 5.6% decrease week over week. Among the largest underlying components of EEM, in morning trading today Alibaba Group Holding (BABA) is up about 0.8%, and Baidu (BIDU) is lower by about 0.1%.