HYG, EFZ: Big ETF Outflows
March 07, 2017 at 11:29 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 $ High Yield Corporate Bond ETF, where 11,800,000 units were destroyed, or a 5.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Short MSCI EAFE, which lost 200,000 of its units, representing a 14.5% decline in outstanding units compared to the week prior.