Countries In Review: March 2020

January was a fairly bleak month for country ETFs, with just a handful of funds recording positive returns. The top performer was the Global X MSCI Nigeria ETF (NGE), up 3.65%; while the iShares MSCI Israel ETF (EIS) was up 2.89%; and the iShares MSCI Turkey ETF (TUR) was up 2.55%. The worst performers were led downward by the iShares MSCI South Africa ETF (EZA), falling 9.11%; followed by the iShares MSCI Thailand ETF (THD) and the iShares MSCI Philippines ETF (EPHE), down 9.06% and 8.22%, respectively. The SPDR S&P 500 ETF Trust (SPY) topped the inflows, with a gain of $559.2 million, while the iShares MSCI Hong Kong ETF (EWH) added $306.9 million and the iShares MSCI Germany ETF (EWG) gained $132.6 million. At the other end of the spectrum, the iShares MSCI Japan ETF (EWJ) led fund losses, bleeding $436.3 million, as the iShares MSCI Australia ETF (EWA) lost $116 million and the iShares MSCI Switzerland ETF (EWL) dropped $92.4 million.

Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 12/31/2019 to 1/31/2020.

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.