Country ETFs had a rather sunny August, with the vast majority of funds recording positive returns. The top fund was the Global X MSCI Norway ETF (NORW), with a return of 8.07%; the iShares MSCI Finland ETF (EFNL) followed, with a return of 7.94%; and the iShares MSCI Hong Kong ETF (EWH) claimed the No. 3 spot, with a return of 7.53%. The iShares MSCI Brazil ETF (EWZ) was at the head of the laggards, with a decline of 8.36%, while the iShares MSCI Turkey ETF (TUR) and the iShares MSCI Chile ETF (ECH) fell 7.42% and 7.21%, respectively. Flows were somewhat skewed, with the SPDR S&P 500 ETF Trust (SPY) losing $2.5 billion; the iShares MSCI Japan ETF (EWJ) followed distantly, pulling in less than one-tenth of that, or $223 million; and the iShares China Large-Cap ETF (FXI) lost $196.3 million. The iShares MSCI Germany ETF (EWG) was at the other end of the spectrum, with a gain of $279.1 million; followed by the VanEck Vectors Russia ETF (RSX), which pulled in $130.5 million; and the iShares MSCI Thailand ETF (THD) gained $100.7 million.
For a larger view, please click on the image above.
Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 7/31/2020 to 8/31/2020.
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.