LQD, UBR: Big ETF Outflows
December 09, 2016 at 10:47 AM 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 iBoxx $ Investment Grade Corporate Bond ETF (LQD), where 6,700,000 units were destroyed, or a 2.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra MSCI Brazil Capped (UBR), which lost 100,000 of its units, representing a 24.0% decline in outstanding units compared to the week prior.