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 Europe ETF (AMEX:VGK), where 2,699,946 units were destroyed, or a 1.0% decrease week over week. Among the largest underlying components of VGK, in morning trading today Nestle (NSRGY) is down about 1%, and Novartis AG (NYSE:NVS) is lower by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Middle East Dividend Fund (NASDAQ:GULF), which lost 1,000,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.
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