OMFL, KESG: Big ETF Outflows
updated Wednesday, March 15, 12:21 PM
« Backupdated Wednesday, March 15, 12:21 PM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco Russell 1000Dynamic Multifactor ETF, where 13,820,000 units were destroyed, or a 19.2% decrease week over week. Among the largest underlying components of OMFL, in morning trading today Apple is off about 1.1%, and Exxon Mobil is lower by about 3.4%.
And on a percentage change basis, the ETF with the biggest outflow was the KESG ETF, which lost 100,000 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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