Countries In Review: February 2020

December was overwhelmingly positive for country ETFs

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Reviewed by: Heather Bell
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Edited by: Heather Bell

December saw almost all country ETFs record positive returns. Most notably, the Global X MSCI Argentina ETF (ARGT) was up 12.65%; followed by the iShares MSCI Brazil ETF (EWZ), up 12.57%; and the Global X MSCI Colombia ETF (GXG), up 11.71%. Only three funds exhibited negative performance, albeit only slightly so. They were the VanEck Vectors Egypt Index ETF (EGPT), down 0.79%; the iShares MSCI Israel ETF (EIS), down 0.76%; and the iShares MSCI UAE ETF (UAE), down 0.52%. The SPDR S&P 500 ETF Trust (SPY) had the most dramatic flows, pul ling in a whopping $10.8 billion during the month, while EWZ trailed behind at a distance, pulling in $634.4 million and the iShares MSCI Taiwan ETF (EWT) gained $300.4 million. The iShares MSCI Japan ETF (EWJ) closed out the year with outflows of $361.3 mil lion, and the iShares MSCI France ETF (EWQ) and the iShares MSCI Canada ETF (EWC) lost $347 million and $156.2 million, respectively.

 

 

Countries

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Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 11/30/2019 to 12/31/2019.

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.

 

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.