HYG, PKB: Big ETF Outflows
June 16, 2016 at 11:02 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 iBoxx $ High Yield Corporate Bond ETF (HYG), where 16,100,000 units were destroyed, or a 9.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Dynamic Building & Construction Portfolio (PKB), which lost 900,000 of its units, representing a 25.4% decline in outstanding units compared to the week prior.