ETF Trends
ETF Trends

Last week market declines had an impact on exchange traded funds (ETFs), reports TrimTabs in Forbes. U.S. equity ETFs lost $5.7 billion, while global equity ETFs redeemed $586 million, which is the first outflow in eight weeks.

The lead U.S. equity redeemer was the Spiders (SPY), at 10.7% of assets. iShares MSCI Emerging Markets (EEM) was the leading redeemer for global ETFs at 4.5% of assets. The leading issuers were the Cubes (QQQQ) at 3.5% of assets and iShares MSCI Taiwan (EWT), which issued 1.8% of assets.

For full disclosure, some of Tom Lydon’s clients own EWT.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.