Countries In Review: September 2020

Country ETFs had a strong month.

Reviewed by: Heather Bell
Edited by: Heather Bell

Country ETFs saw mostly positive performance during July. The Global X MSCI Pakistan ETF (PAK) led the way, with a return of 17.72%; followed by the iShares MSCI Brazil ETF (EWZ), up 13.14%; and the Global X MSCI Argentina ETF (ARGT), up 11.14%. The iShares MSCI Turkey ETF (TUR) was the worst performer, falling 7.11%, while the iShares MSCI Philippines ETF (EPHE) and the iShares MSCI Thailand ETF (THD) fell 3.68% and 2.8%, respectively. Flows were fairly muted, with the top gainer, the iShares China Large-Cap ETF (FXI), pulling in $286.8 million; the iShares MSCI Germany ETF (EWG) gaining $158.8 million; and the iShares MSCI South Korea ETF (EWY) attracting $84.9 million. The SPDR S&P 500 ETF Trust (SPY) saw the biggest loss, with an outflow of $872.6 million, while the iShares MSCI Saudi Arabia ETF (KSA) bled $57.6 million and the VanEck Vectors Russia ETF (RSX) lost $28.9 million.




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Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 6/30/2020 to 7/31/2020.

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.


Heather Bell is a managing editor with Prior to joining the company, she held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and a one-time Jeopardy! champion. She resides in the Denver area with her two dogs, and enjoys hiking in the mountains and frequenting the city’s excellent bookstores.