FRI, UMDD: Big ETF Outflows
October 02, 2014 at 12:35 PM 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 First Trust S&P REIT Index Fund (FRI), where 3,300,000 units were destroyed, or a 24.4% decrease week over week. Among the largest underlying components of FRI, in morning trading today Simon Property Group (SPG) is up about 0.1%, and Public Storage (PSA) is higher by about 0.6%.
