Countries In Review: January 2019

Countries In Review: January 2019

Country ETFs had a mixed month in November/

Reviewed by: Heather Bell
Edited by: Heather Bell

November was a mixed month for the key country ETFs. The iShares MSCI Turkey ETF (TUR) led the other funds, with an increase of 12.46%, followed by the iShares MSCI India ETF (INDA), up 10.47% and the iShares MSCI South Africa ETF (EZA), up 9.47%. At the other end of the spectrum was the Global X MSCI Nigeria ETF, down 5.59%, the Global X MSCI Norway ETF (NORW), down 5.29% and the iShares MSCI UAE ETF (UAE), down 4.68%. The SPDR S&P 500 Trust ETF (SPY) saw more inflows than any other country ETF, gaining $5.8 billion, while the iShares MSCI Brazil ETF (EWZ) and the iShares China Large-Cap ETF (FXI) pulled in $561.2 million and $448 million, respectively. In terms of outflows, the iShares MSCI Germany (EWG) led the losses, bleeding $253.4 million; the iShares MSCI Japan ETF (EWJ) lost $207.7 million, and the iShares MSCI Switzerland ETF (EWL) lost $179.8 million.



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Index Data Source: MSCI.
ETF Return Data Source: Bloomberg.
All return data from 10/31/2018 to 11/30/2018.

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. Also, as indicated by the design above, frontier market countries are not included in the MSCI All Country World Index.



Heather Bell is a former managing editor of 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.