Countries In Review: February 2022

Certain developing markets stood out in January.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

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.

 

 

Countries

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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.

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.