FXI, LABU: Big ETF Outflows
April 08, 2016 at 10:48 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 China Large-Cap ETF (FXI), where 3,300,000 units were destroyed, or a 2.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bull 3x Shares (LABU), which lost 1,100,900 of its units, representing a 15.8% decline in outstanding units compared to the week prior.