updated Wednesday, August 12, 10:48 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF (GDX), where 10,400,000 units were destroyed, or a 3.1% decrease week over week. Among the largest underlying components of GDX, in morning trading today Goldcorp (GG) is up about 6%, and Newmont Mining (NEM) is up by about 8.2%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares International BuyBack Achievers Portfolio (IPKW), which lost 1,050,000 of its units, representing a 38.2% decline in outstanding units compared to the week prior. Among the largest underlying components of IPKW, in morning trading today Wisdomtree International Largecap Dividend (DOL) is down about 1.9%, and Mistras Group (MG) is lower by about 0.5%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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