PSP, VGLT: 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 PowerShares Global Listed Private Equity Portfolio (PSP), where 1,950,000 units were destroyed, or a 7.1% decrease week over week. Among the largest underlying components of PSP, in morning trading today Leucadia National (LUK) is lower by about 1.2%.