##  [# Countries In Review: July/August 2021](/sections/etf-report-departments/countries-review-julyaugust-2021) 

 

# Countries In Review: July/August 2021

 

 

Brazil stood out among country ETFs in June.



 

 

 

 

 [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) 

[By Dan Mika](/contributors/dan-mika)

 Aug 01, 2021

 Edited by: Dan Mika

 

 

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A Brazil-focused fund led the way in June among country ETFs, with the [iShares MSCI Brazil ETF (EWZ)](/EWZ) rising 5.78%, while the [VanEck Vectors Vietnam ETF (VNM)](/VNM) was up 5.64% and the [iShares MSCI Saudi Arabia ETF (KSA)](/KSA) rose 3.25%. The [iShares MSCI Peru ETF (EPU)](/EPU) posted the worst returns in June, with a decline of 10.95%, followed by the [Global X MSCI Portugal ETF (PGAL)](/PGAL) and the [iShares MSCI South Africa ETF (EZA)](/EZA), with respective losses of 7.61% and 7.12%. In terms of flows, the [SPDR S&amp;P 500 ETF Trust (SPY)](/SPY) again led gainers, with a gain of $4.87 billion, after multiple record-high closes so far this year. SPY was followed by the [iShares China Large-Cap ETF (FXI)](/FXI) with its $278.7 million in inflows, while the [iShares MSCI India ETF (INDA)](/INDA) placed third in the month, with inflows of $193.9 million. The largest outflows in the month were from the [iShares MSCI Japan ETF (EWJ)](/EWJ), with a loss of $877.9 million. The Brazil-focused EWZ followed, with an outflow of $442.2 million, while the [iShares MSCI United Kingdom ETF (EWU)](/EWU) was third in outflows, with $216.3 million.

[![Countries](/sites/default/files/images/Magazines/ETF%20Report/2021/07/CountriesJuly_AugustFig1.jpg)](/sites/default/files/images/Magazines/ETF%20Report/2021/07/CountriesJuly_AugustFig1_b.jpg)

*For a larger view, please click on the image above.*



[![Countries](/sites/default/files/images/Magazines/ETF%20Report/2021/07/CountriesJuly_AugustFig2.jpg)](/sites/default/files/images/Magazines/ETF%20Report/2021/07/CountriesJuly_AugustFig2_b.jpg)

*For a larger view, please click on the image above.*



*Note: This list intends to capture the returns of most liquid ETFs tracking individual countries.  
 It does not capture every country in the MSCI All Country World Index.*





 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


 Related Topics  [Brazil](http://www.etf.com/topics/brazil) 

 [Asia-Pacific](http://www.etf.com/topics/asia-pacific) 

 [Blackrock](http://www.etf.com/topics/blackrock) 

 [Broad-based](http://www.etf.com/topics/broad-based) 

 [China](http://www.etf.com/topics/china)