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XLE, GML: Big ETF Outflows
Tuesday, July 15, 12:23 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 Energy Select Sector SPDR Fund (AMEX:XLE), where 4,750,000 units were destroyed, or a 3.8% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil (NYSE:XOM) is down about 0.3%, and Chevron (NYSE:CVX) is lower by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the SPDR S&P Emerging Latin America ETF (AMEX:GML), which lost 100,000 of its units, representing a 11.1% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

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