LQD, CSML: Big ETF Outflows
April 18, 2024 at 10:50 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 $ Investment Grade Corporate Bond ETF, where 24,800,000 units were destroyed, or a 8.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the CSML ETF, which lost 1,500,000 of its units, representing a 30.6% decline in outstanding units compared to the week prior.