EWZ, FEMS: Big ETF Outflows
December 04, 2014 at 12:16 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 MSCI Brazil Capped ETF (EWZ), where 4,550,000 units were destroyed, or a 3.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS), which lost 899,998 of its units, representing a 39.1% decline in outstanding units compared to the week prior.