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PHB, DRIP: Big ETF Outflows
Thursday, March 16, 10:49 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 PowerShares Fundamental High Yield Corporate Bond Portfolio (AMEX:PHB), where 2,000,000 units were destroyed, or a 3.2% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Oil & Gas Exp. & Prod. Bear 3x Shares (AMEX:DRIP), which lost 250,197 of its units, representing a 16.4% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

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PHB, DRIP: Big ETF Outflows
Thursday, March 16, 10:49 AM ET
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