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PDP, MEXX: Big ETF Outflows
Wednesday, January 10, 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 PowerShares DWA Momentum Portfolio (NASDAQ:PDP), where 3,750,000 units were destroyed, or a 11.0% decrease week over week. Among the largest underlying components of PDP, in morning trading today Apple (NASDAQ:AAPL) is down about 0.4%, and Mastercard (NYSE:MA) is lower by about 0.6%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily MSCI Mexico Bull 3X Shares (NYSE:MEXX), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

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PDP, MEXX: Big ETF Outflows
Wednesday, January 10, 10:50 AM ET
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