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 (NYSE:VWO), where 9.2 million units were destroyed, or a 0.8% decrease week over week. Among the largest underlying components of VWO, in morning trading today China Mobile (NYSE:CHL) is down about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraShort MSCI Brazil Capped (NYSE:BZQ), which lost 50,000 of its units, representing a 22.2% decline in outstanding units compared to the week prior.
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