KIE, CHAD: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Insurance ETF, where 3,350,000 units were destroyed, or a 11.4% decrease week over week. Among the largest underlying components of KIE, in morning trading today Axis Capital Holdings is up about 0.6%, and Aspen Insurance Holdings is lower by about 0.2%.