Country ETFs had a few bright spots in October, most notably the Global X MSCI Nigeria ETF (NGE), which was up an impressive 19.96% for the month. It was followed distantly by the iShares MSCI Indonesia ETF (EIDO), up 5.85%; and the iShares MSCI Philippines ETF (EPHE), up 5.64%. On the downside, the iShares MSCI Poland ETF (EPOL) fell 15.43%, the Global X MSCI Greece ETF (GREK) declined 10.44% and the iShares MSCI Turkey ETF (TUR) dropped by 10.22%. When it comes to flows, the SPDR S&P 500 ETF Trust (SPY) hemorrhaged $10 billion, the iShares MSCI Germany ETF (EWG) lost a far less dramatic $332 million and the iShares MSCI Spain ETF (EWP) saw outflows of just $34.8 million. The inflows were less stark and less dispersed, with the iShares MSCI Japan ETF (EWJ) gaining $647.6 million, the iShares MSCI Taiwan ETF (EWT) pulling in $113.4 million and the iShares MSCI Australia ETF (EWA) adding $111.5 million. For a larger view, please click on the image above. Index Data Source: MSCI. Sources: Bloomberg and FactSet. Data from 9/30/2020 to 10/31/2020. 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.