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EWJ, NYCC: Big ETF Outflows

This article is more than 9 years old.

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 Japan ETF (EWJ), where 34,200,000 units were destroyed, or a 2.8% decrease week over week.And on a percentage change basis, the ETF with the biggest outflow was the PowerShares NYSE Century Portfolio (NYCC), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of NYCC, in morning trading today KKR & Company (KKR) is off about 1.4%, and Leucadia National Corporation (LUK) is lower by about 1%.