Countries In Review: April 2021

February featured mixed performance for country ETFs, with Peru leading the way.

Heather Bell
Reviewed by: Heather Bell
Edited by: Heather Bell

February was a mixed month for country ETFs. The top performer was the iShares MSCI Peru ETF (EPU), up 8.02%; followed by the Global X MSCI Greece ETF (GREK), up 7.2%; and the iShares MSCI Ireland ETF (EIRL), up 5.92%. The worst performers included the iShares MSCI New Zealand ETF (ENZL), down 7.64%, and the iShares MSCI Brazil ETF (EWZ) and Global X MSCI Nigeria ETF (NGE), down 6.7% and 6.4%, respectively. Flows were a bit more dramatic, with the SPDR S&P 500 ETF Trust (SPY) leading the way, pulling in $6.9 billion during the month. Runners-up were the iShares MSCI Canada ETF (EWC), which gained $179.1 million, and the iShares MSCI Taiwan ETF (EWT), which pulled in $111.7 million. The iShares MSCI Australia ETF (EWA) claimed the top spot for outflows, losing $291 million, while the iShares MSCI Japan ETF (EWJ) lost $229.5 million and the iShares MSCI Mexico ETF (EWW) trimmed $192.4 million.




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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.


Heather Bell

Heather Bell is a managing editor with Prior to joining the company, she held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and a one-time Jeopardy! champion. She resides in the Denver area with her two dogs, and enjoys hiking in the mountains and frequenting the city’s excellent bookstores.