Major ETF Outflows Highlight Market Trends
Recent data from ETF Channel shows a notable decline in units outstanding for several exchange-traded funds (ETFs), with some experiencing significant outflows.
The iShares iBoxx $ High Yield Corporate Bond ETF faced the largest decline in units, with a decrease of 16,000,000 units, equating to a 7.9% drop compared to the previous week.
WisdomTree Fund Experiences Sharp Decline
On a percentage basis, the WisdomTree Battery Value Chain and Innovation Fund saw the most substantial outflow, losing 50,000 units. This loss represents a significant 33.3% decrease in its outstanding units from the week before.
VIDEO: HYG, WBAT: Big ETF Outflows
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