In November, country ETFs saw the most dramatic activity in the emerging market area, with the Global X MSCI Pakistan ETF (PAK) up more than any other fund, at 14.29%. It was followed by the Global X MSCI Nigeria ETF (NGE), which was up 9.08%, and the Global X MSCI Argentina ETF (ARGT), which was up 8.57%. The worst performer was also in the emerging market category, as the iShares MSCI Chile ETF (ECH) recorded a decline of 12.52%, while the Global X MSCI Colombia ETF (GXG) was down 5.45% and the VanEck Vectors Egypt Index ETF (EGPT) was down 5.21%. Aside from nearly $4 billion in gains by the SPDR S&P 500 ETF Trust (SPY) during the month, flows were fairly muted. The iShares MSCI Japan ETF (EWJ) pulled in $1.4 billion, followed by the iShares MSCI Brazil ETF (EWZ), which gained $549.9 million. Outflows were minimal, with the iShares MSCI Peru ETF (EPU) losing $19.3 million, the VanEck Vectors Russia Index ETF (RSX) bleeding $15.9 million and the iShares MSCI Saudi Arabia ETF (KSA) losing just $8.4 million.
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Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 10/31/2019 to 11/30/2019.
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.