COVID-19 wreaked havoc on global stock markets.
December was overwhelmingly positive for country ETFs
Frontier markets trailed developed and emerging markets in October
In a grim month, only two country ETFs saw positive returns.
Country ETFs had an uninspiring month in July.
Country ETFs were mostly up in June.
Emerging and frontier markets had a rougher experience than developed countries.
Similar-sounding names don’t mean similar exposure in the multifactor universe.
Emerging markets were the best performers, while the Pakistan ETF fell the most.