ETFs Face Major Outflows: FJAN, KNO Hit Hard

Investor Alert: ETFs See Significant Outflows with FJAN and KNO leading the way. The FJAN ETF experienced a 39.6% decrease in units, signaling potential investor concerns.

Date: 28-01-2025

AI Rating: 5

Major Outflows in ETFs

The report highlights significant outflows in two Exchange-Traded Funds (ETFs), with the FJAN ETF reporting a 39.6% decrease in units outstanding, translating to the destruction of 12,100,000 units. This drastic reduction in fund size could indicate investor sentiment turning negative, prompting questions about the underlying assets or market conditions.

Similarly, the AXS Knowledge Leaders ETF (KNO) saw a significant decline, losing 1,100,000 units, which also represents a 39.6% drop week over week. Such substantial outflows from these ETFs may affect the stock prices of their underlying components.

Specifically, within KNO, notable companies like Thermo Fisher Scientific are reported to be trading flat, while Hubbell is down by approximately 0.5%. The flat trading of Thermo Fisher Scientific amidst these outflow conditions is neutral; however, the slight decline in Hubbell suggests that investor sentiment may be softening toward this stock.

Stocks: FJAN KNO TMO HUBB