Countries In Review: January 2020

Most emerging markets took a hit during November.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

In November, country ETFs saw the most dramatic activity in the emerging market area, with the Global X MSCI Pakistan ETF (PAK) up more than any other fund, at 14.29%. It was followed by the Global X MSCI Nigeria ETF (NGE), which was up 9.08%, and the Global X MSCI Argentina ETF (ARGT), which was up 8.57%. The worst performer was also in the emerging market category, as the iShares MSCI Chile ETF (ECH) recorded a decline of 12.52%, while the Global X MSCI Colombia ETF (GXG) was down 5.45% and the VanEck Vectors Egypt Index ETF (EGPT) was down 5.21%. Aside from nearly $4 billion in gains by the SPDR S&P 500 ETF Trust (SPY) during the month, flows were fairly muted. The iShares MSCI Japan ETF (EWJ) pulled in $1.4 billion, followed by the iShares MSCI Brazil ETF (EWZ), which gained $549.9 million. Outflows were minimal, with the iShares MSCI Peru ETF (EPU) losing $19.3 million, the VanEck Vectors Russia Index ETF (RSX) bleeding $15.9 million and the iShares MSCI Saudi Arabia ETF (KSA) losing just $8.4 million.

 

 

Countries

For a larger view, please click on the image above.

 

Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 10/31/2019 to 11/30/2019.

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.

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.