EWX, MEXX: 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 Emerging Markets Small Cap ETF (EWX), where 6,000,000 units were destroyed, or a 36.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily MSCI Mexico Bull 3X Shares (MEXX), which lost 550,000 of its units, representing a 35.5% decline in outstanding units compared to the week prior.