HYG, GBLD: Big ETF Outflows
February 21, 2024 at 10:53 AM EST
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, where 14,400,000 units were destroyed, or a 6.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Invesco MSCI Green Building ETF, which lost 150,000 of its units, representing a 30.0% decline in outstanding units compared to the week prior.