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IWF, UGE: Big ETF Outflows
Wednesday, February 5, 12:55 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 Russell 1000 Growth ETF (AMEX:IWF), where 2.7 million units were destroyed, or a 1.0% decrease week over week. Among the largest underlying components of IWF, in morning trading today Apple (NASDAQ:AAPL) is up about 0.1%, and Microsoft (NASDAQ:MSFT) is lower by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Consumer Goods ETF (AMEX:UGE), which lost 75,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase

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