SPLV, JXI: Big ETF Outflows

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 S&P 500 Low Volatility Portfolio (SPLV), where 4,500,000 units were destroyed, or a 3.0% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Ace (ACE) is up about 0.7%, and The Travelers Companies (TRV) is up by about 0.6%.