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IVV, KORU: Big ETF Outflows
Friday, February 1, 10:53 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 Core S&P 500 ETF (NYSE:IVV), where 28,050,000 units were destroyed, or a 4.7% decrease week over week. Among the largest underlying components of IVV, in morning trading today Microsoft (NASDAQ:MSFT) is off about 0.4%, and Apple (NASDAQ:AAPL) is higher by about 1.4%.

And on a percentage change basis, the ETF with the biggest outflow was the Daily MSCI South Korea Bull 3X Shares (NYSE:KORU), which lost 400,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior.

For MarketNewsVideo.com, I'm Sayoko Murase.

IVV, KORU: Big ETF Outflows picture
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