Countries In Review: July 2019

Most country ETFs declined during the month of May.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Most countries ended up in the red during May, with the brightest spots found in the developing markets. The Global X MSCI Argentina ETF (ARGT) was up 7.89%, followed by the Global X MSCI Greece ETF (GREK), up 6.12%, and the iShares MSCI Brazil ETF (EWZ), up 1.75%. Meanwhile, at the other end of the spectrum, the worst performers were the Global X MSCI Colombia ETF (GXG), down 9.19%; the iShares MSCI Singapore ETF (EWS), down 9.12%; and the iShares MSCI Saudi Arabia ETF (KSA), down 8.32%. Flows were equally bleak. The SPDR S&P 500 ETF Trust (SPY) saw a whopping $12.4 billion in outflows, followed by the iShares MSCI Japan ETF (EWJ), which lost $1 billion, and the iShares China Large-Cap ETF (FXI), which lost $487.4 million. The iShares MSCI India ETF (INDA) gained $215.1 million, while KSA and the iShares MSCI Australia ETF (EWA) gained $197.9 million and $138.4 million, respectively.

 

Countries

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Sources: Bloomberg and FactSet. Data from 04/30/2019 to 05/31/2019.

Note: This list intends to capture the returns of most liquid ETFs tracking individual countries around the world.

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.