LQD, PFLD: Big ETF Outflows
February 16, 2021 at 11:07 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 $ Investment Grade Corporate Bond ETF, where 14,300,000 units were destroyed, or a 3.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PFLD ETF, which lost 150,000 of its units, representing a 35.3% decline in outstanding units compared to the week prior.