Countries In Review: June 2020

Country ETFs saw a turnaround during April.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

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.

 

 

Countries

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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.

 

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.