May 12, 2020 (MarketNewsVideo.com via COMTEX) --
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 EAFE ETF, where 28,800,000 units were destroyed, or a 3.6% decrease week over week. Among the largest underlying components of EFA, in morning trading today NXP Semiconductors is up about 0.5%, and Check Point Software Technologies is lower by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the Scientific Beta US ETF, which lost 400,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior. Among the largest underlying components of SCIU, in morning trading today Aflac is off about 1%, and AT&T is lower by about 0.6%.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20200520200512etfflowsEFAS&mv=1 .
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