HYG, FTAG: Big ETF Outflows
July 24, 2018 at 10:51 AM EDT
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 iBoxx $ High Yield Corporate Bond ETF (HYG), where 4,700,000 units were destroyed, or a 2.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust Indxx Global Agriculture ETF (FTAG), which lost 100,000 of its units, representing a 34.5% decline in outstanding units compared to the week prior.