Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Guggenheim Multi-Asset Income ETF (AMEX:CVY), where 14,550,200 units were destroyed, or a 22.9% decrease week over week. Among the largest underlying components of CVY, in morning trading today Nustar Energy LP (NYSE:NS) is down about 0.3%, and Penn West Petroleum (NYSE:PWE) is higher by about 1.3%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Netherlands ETF (AMEX:EWN), which lost 1,900,000 of its units, representing a 15.7% decline in outstanding units compared to the week prior.
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