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 Emerging Markets ETF (NYSE:EEM), where 29,700,000 units were destroyed, or a 3.6% decrease week over week. Among the largest underlying components of EEM, in morning trading today Alibaba Group Holding (NYSE:BABA) is up about 1.4%, and Baidu (NASDAQ:BIDU) is up by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco DWA Consumer Cyclicals Momentum ETF (NASDAQ:PEZ), which lost 400,000 of its units, representing a 38.1% decline in outstanding units compared to the week prior. Among the largest underlying components of PEZ, in morning trading today Amazon.com (NASDAQ:AMZN) is up about 0.8%, and Ross Stores (NASDAQ:ROST) is lower by about 0.2%.
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