KWEB, AXTU: Big ETF Outflows
Complete. Here is the key summaryThe KraneShares CSI China Internet ETF (KWEB) experienced significant outflows, losing 24 million units (9.3% week-over-week). Meanwhile, the AXTU ETF saw the largest percentage decline, shedding 120,000 units for a 40.0% drop in outstanding units. Despite these outflows, major components like PDD Holdings and Full Truck Alliance showed slight gains in morning trading.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the KraneShares CSI China Internet ETF, where 24,000,000 units were destroyed, or a 9.3% decrease week over week. Among the largest underlying components of KWEB, in morning trading today PDD Holdings is up about 3.6%, and Full Truck Alliance is higher by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the AXTU ETF, which lost 120,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.
VIDEO: KWEB, AXTU: Big ETF Outflows
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