Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Japan Hedged Equity Fund (AMEX:DXJ), where 9,750,000 units were destroyed, or a 4.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Semiconductor ETF (AMEX:SMH), which lost 1,650,000 of its units, representing a 19.0% decline in outstanding units compared to the week prior. Among the largest underlying components of SMH, in morning trading today Intel (NASDAQ:INTC) is up about 0.7%, and Taiwan Semiconductor Manufacturing (NYSE:TSM) is up by about 0.8%.
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