Countries In Review: May 2020

Every country ETF ended the month of March with a steep decline. The best performer was the iShares MSCI Switzerland ETF (EWL), which was down 6.65%; followed closely by the iShares MSCI Japan ETF (EWJ), down 6.74%; and the iShares China Large-Cap ETF (FXI), down 7.67%. At the other end of the spectrum, the iShares MSCI Brazil ETF (EWZ) fell more than any other fund in the group, with a stomach-dropping decline of 38.58%, while the Global X MSCI Colombia ETF (GXG) decreased by 36.34%; and the iShares MSCI Mexico ETF (EWW) fell 31.88%. Flows were interesting, with the SPDR S&P 500 ETF Trust (SPY) pulling in an impressive $8.1 billion, but EWW claimed the second slot, with inflows of $150.4 million. The iShares MSCI South Korea ETF (EWY) was in the No. 3 spot, gaining $118.7 million. EWJ had more outflows than any other ETF in the group, losing $1.3 billion. It was followed by the iShares MSCI India ETF (INDA) and the iShares MSCI Hong Kong ETF (EWH), which decreased by $1.2 billion and $429.9 million, respectively.

Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 03/31/2019 to 03/31/2020.

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.