Countries In Review: June 2020
Country ETFs saw a turnaround during April.
April was a strong month for country ETFs, with every fund springing back from March’s dismal numbers. The top performers were all from emerging and frontier markets, led by the Global X MSCI Pakistan ETF (PAK), which was up 22.48%. It was followed by the VanEck Vectors Vietnam ETF (VNM) and the VanEck Vectors Russia ETF (RSX), up 19.25% and 13.67%, respectively. Even the worst performers were still in positive territory, with the iShares MSCI Malaysia ETF (EWM) eking out a 1.51% return, the iShares MSCI Italy ETF (EWI) increasing by 1.83% and the iShares MSCI Spain ETF (EWP) up 2.21%. Flows were a little more ambiguous, with the SPDR S&P 500 ETF Trust (SPY) hemorrhaging $5.4 billion, the iShares MSCI India ETF (INDA) losing $204.6 million and the iShares MSCI Brazil ETF (EWZ) bleeding $201.1 million. Inflows were led by the iShares MSCI Switzerland ETF (EWL), which gained $246.3 million. Meanwhile, the iShares MSCI Germany ETF (EWG) claimed the No. 2 spot, with a gain of $156.9 million and the iShares MSCI Taiwan ETF (EWT) pulled in $70.2 million.
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Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 4/30/2019 to 4/30/2020.
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.
