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VWO, OVF: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Vanguard FTSE Emerging Markets ETF, where 7,260,913 units were destroyed, or a 0.5% decrease week over week. Among the largest underlying components of VWO, in morning trading today Wipro is off about 0.5%, and Canadian Solar is up by about 1.7%.

And on a percentage change basis, the ETF with the biggest outflow was the OVF ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.

VWO, OVF: Big ETF Outflows

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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