Countries In Review: February 2020
December was overwhelmingly positive for country ETFs
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.
For a larger view, please click on the image above.
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.
