January was a mixed month for country ETFs, with developed markets mostly down and emerging markets featuring more bright spots. The top performer was the iShares MSCI Chile ETF (ECH), up 13.95%, followed by the iShares MSCI Brazil ETF (EWZ) and the iShares MSCI Saudi Arabia ETF (KSA), which increased 12.65% and 11.35%, respectively. At the other end of the spectrum, the iShares MSCI New Zealand ETF (ENZL) was down 11.70%, while the VanEck Russia ETF (RSX) decreased by 10.09% and the iShares MSCI Denmark ETF (EDEN) lost 9.49%. When it came to flows, the iShares China Large-Cap ETF (FXI) pulled in $882.8 million, and the iShares MSCI Canada ETF (EWC) claimed the No. 2 spot, with a gain of $181 million. The iShares MSCI Australia ETF (EWA) was third, pulling in $177.6 million. The inflows were overshadowed by the decrease in the SPDR S&P 500 ETF Trust (SPY), which hemorrhaged $18 billion. The iShares MSCI Japan ETF (EWJ) was a distant second, with a loss of $251.7 million, followed by the iShares MSCI Mexico ETF (EWW), which was down by $197.2 million.
For a larger view, please click on the image above.
(For a larger view, click on the image above)
Note: This list intends to capture the returns of some of the most liquid ETFs tracking individual countries. It does not capture every country in the MSCI All Country World Index.