February was a devastating month for country ETFs, with almost every fund finding itself deep in negative territory after the coronavirus wreaked havoc on global markets. Interestingly, the iShares China Large-Cap ETF (FXI) had slightly positive returns, up 0.35% for the month. It was followed by the iShares MSCI Hong Kong ETF (EWH), which was down 1.42%, and the iShares MSCI Taiwan ETF (EWT), which receded 2%. The iShares MSCI Poland ETF (EPOL) was the hardest hit, falling 16.03%, while the Global X MSCI Nigeria ETF (NGE) was down 15.10% and the iShares MSCI Turkey ETF (TUR) fell 14.57%. Regarding flows, the SPDR S&P 500 ETF Trust (SPY) hemorrhaged a stunning $22 billion. The iShares MSCI Japan ETF (EWJ) followed distantly, with outflows of $1.4 billion, and the iShares MSCI Mexico ETF (EWW) lost $222.7 million. Inflows were very muted, with the iShares MSCI France ETF (EWQ) pulling in $122 million, the iShares MSCI Germany ETF (EWG) gaining $44 million and the iShares MSCI United Kingdom ETF (EWU) rising $39.6 million.
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Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 01/31/2020 to 02/29/2020.
Note: This list intends to capture the returns of most liquid ETFs tracking individual countries around the world. It does not capture every country in the MSCI All Country World Index.