HYG, EGPT: Big ETF Outflows
February 06, 2023 at 10:55 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 4,900,000 units were destroyed, or a 2.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Egypt Index ETF, which lost 600,000 of its units, representing a 38.1% decline in outstanding units compared to the week prior.