July was mostly uninspiring for country ETFs, with more funds in negative territory than positive. The top performer was the iShares MSCI Turkey ETF (TUR), which was up 9.76%, followed by the iShares MSCI UAE ETF (UAE) and the iShares MSCI Belgium ETF (EWK), up 7.97% and 3.81%, respectively. The worst-performing ETF was the Global X MSCI Nigeria ETF (NGE), down 9.07%, while the iShares MSCI South Korea ETF (EWY) was down 6.43% and the Global X MSCI Pakistan ETF (PAK) was down 5.37%. In terms of flows, the behemoth SPDR S&P 500 ETF Trust (SPY) stole the show, with a gain of $5.7 billion. Other than SPY, though, the flows for country ETFs were pretty muted. The iShares MSCI Japan ETF (EWJ) claimed the No. 2 spot, with a gain of just $148.3 million, while the iShares MSCI France ETF (EWQ) was in third place, with a gain of $97.7 million. The iShares China Large-Cap ETF (FXI) had the most outflows, with a loss of $355.1 million, followed by a $220.8 million loss for the iShares MSCI Hong Kong ETF (EWH) and a $121.1 million loss for EWY.
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Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 06/28/2019 to 07/31/2019.
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.
