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IAU, ARGT: Big ETF Outflows
Tuesday, September 30, 12:46 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 iShares Gold Trust (AMEX:IAU), where 3,900,000 units were destroyed, or a 0.7% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the MSCI Argentina ETF (AMEX:ARGT), which lost 700,000 of its units, representing a 38.4% decline in outstanding units compared to the week prior. Among the largest underlying components of ARGT, in morning trading today BBVA Banco Frances (NYSE:BFR) is down about 1.4%, and Cresud Sociedad (NASDAQ:CRESY) is lower by about 0.3%.

For MarketNewsVideo.com, I'm Sayoko Murase

IAU, ARGT: Big ETF Outflows picture
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