Countries In Review: June 2019

April was a fairly unremarkable month for country ETFs. The top-performing fund was the iShares MSCI South Africa ETF (EZA), which was up 7.42%, followed by the iShares MSCI Saudi Arabia ETF (KSA), up 7.08%, and the iShares MSCI Germany ETF (EWG), up 6.84%. The worst performers were led downward by the Global X MSCI Argentina ETF (ARGT), which fell 5.64%; the Global X MSCI Pakistan ETF (PAK), down 5.32%; and the Global X MSCI Nigeria ETF (NGE), down 4.89%. The SPDR S&P 500 ETF Trust (SPY) dominated the flows, with a gain of $3.6 billion. The iShares MSCI Japan (EWJ) followed distantly, with inflows of $476.7 million, and KSA gained $186.8 million. At the other end of the spectrum, the iShares MSCI Hong Kong ETF (EWH) saw the most outflows, losing $363.8 million, while the iShares MSCI Italy ETF (EWI) and the iShares MSCI Turkey ETF (TUR) lost $90.7 million and $50.4 million, respectively.

Index Data Source: MSCI.
ETF Return Data Source: Bloomberg.
All return data from 03/29/2019 to 04/30/2019.

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