Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Silver Trust (NYSE:SLV), which added 10,100,000 units, or a 3.1% increase week over week.
And on a percentage change basis, the ETF with the biggest increase in inflows was the PowerShares Global Gold and Precious Metals Portfolio (NASDAQ:PSAU), which added 450,000 units, for a 33.3% increase in outstanding units. Among the largest underlying components of PSAU, in morning trading today Barrick Gold (ABX) is off about 0.5%, and Newmont Mining Corporation (NYSE:NEM) is lower by about 1.6%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.