The iShares MSCI All Country Asia ex Japan ETF (AAXJ) experienced a significant outflow of approximately $171.2 million, marking a 4.0% decrease in shares outstanding week over week, dropping from 35.2 million to 33.8 million. This shift indicates growing investor caution regarding Asian equities outside of Japan.
Among AAXJ’s key holdings, PDD Holdings Inc (PDD) saw a slight increase of about 1%, while Sea Ltd (SE) declined by 1.6%. The ETF’s current price is $122.55, within a 52-week range of $78.09 to $123.16, as it closely tracks its 200-day moving average.
This outflow highlights broader trends in the market, as changes in ETF unit counts can impact the underlying assets through the buying and selling of those components based on investor demand.
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