Countries In Review: September 2021

A Finland-specific ETF recorded the best returns in July among country ETFs, with the iShares MSCI Finland ETF (EFNL) posting a 5.27% return, followed closely by the iShares MSCI Turkey ETF (TUR), with a return of 5.17%. The iShares MSCI Denmark ETF (EDEN) rounded out the top three, with a 3.71% return. The iShares China Large-Cap ETF (FXI) led inflows for the month, gaining $467.2 million. The iShares MSCI Japan ETF (EWJ) followed, with $372.6 million, and the iShares MSCI Taiwan ETF (EWT) was a distant third, with $89.7 million. FXI had the largest one-month return loss, at 12.5%, followed by the iShares MSCI Philippines ETF (EPHE) and the iShares MSCI Brazil ETF (EWZ), at 9.6% and 7.75%, respectively. The iShares MSCI Canada ETF (EWC) led outflows for the month, with investors pulling out almost $580 million. The SPDR S&P 500 ETF Trust (SPY) was second in outflows, with $404.3 million lost. Meanwhile, EWZ bled $390.7 million in assets during July.

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.