PHB, DRIP: Big ETF Outflows
March 16, 2017 at 10:49 AM EDT
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 Fundamental High Yield Corporate Bond Portfolio (PHB), where 2,000,000 units were destroyed, or a 3.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Oil & Gas Exp.