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MOO, PEX: Big ETF Outflows
Thursday, February 20, 1:08 PM ET

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Agribusiness ETF (AMEX:MOO), where 3.3 million units were destroyed, or a 4.4% decrease week over week. Among the largest underlying components of MOO, in morning trading today Monsanto (NYSE:MON) is up about 0.4%, and Syngenta (NYSE:SYT) is lower by about 0.6%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Global Listed Private Equity ETF (AMEX:PEX), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase

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