Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the State Street Investment Management, where 78,350,000 units were destroyed, or a 6.1% decrease week over week. Among the largest underlying components of SPYM, in morning trading today Nvidia is up about 0.6%, and Apple is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco KBW Property & Casualty Insurance ETF, which lost 1,520,000 of its units, representing a 39.8% decline in outstanding units compared to the week prior. Among the largest underlying components of KBWP, in morning trading today Chubb is down about 0.1%, and Marsh & Mclennan Companies is lower by about 0.2%.
VIDEO: SPYM, KBWP: Big ETF Outflows
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