LQD, CN: Big ETF Outflows
January 19, 2022 at 10:51 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 $ Investment Grade Corporate Bond ETF, where 14,800,000 units were destroyed, or a 5.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the CN ETF, which lost 200,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior.