XLY, TZY: Big ETF Outflows
January 08, 2013 at 12:38 PM EST
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Consumer Discretionary Select Sector SPDR Fund (XLY), which shed 4,350,000 shares, or a 5.0% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the iShares S&P Target Date 2050 Index Fund (TZY), which lost 100,000 of its shares, for a whopping 50.0% decline in outstanding shares.