HYG, KCCB: Big ETF Outflows
May 03, 2021 at 11:27 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, where 7,400,000 units were destroyed, or a 2.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the KCCB ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.