EWZ, GERJ: Big ETF Outflows

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the iShares MSCI Brazil Capped Index Fund (EWZ), which shed 5,100,000 shares, or a 3.4% decrease week over week. Among the largest underlying components of EWZ, in morning trading today Vale SA (VALE) is up about 1.6%.