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EWH, SMDV: Big ETF Outflows
Tuesday, March 3, 10:50 AM 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 MSCI Hong Kong ETF (AMEX:EWH), where 5,550,000 units were destroyed, or a 4.0% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares Russell 2000 Dividend Growers ETF (AMEX:SMDV), which lost 25,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior. Among the largest underlying components of SMDV, in morning trading today ABM Industries (NYSE:ABM) is off about 0.9%, and American Equity Investment Life Holding (NYSE:AEL) is lower by about 0.1%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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EWH, SMDV: Big ETF Outflows | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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