Countries In Review: July 2019
Most country ETFs declined during the month of May.
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.
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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.