Countries In Review: November/December 2021

Emerging market country ETFs stood out from the pack in October.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

In October, the iShares MSCI Peru ETF (EPU) led returns among country-specific ETFs, with a gain of 13.87% on the month, despite a credit downgrade by Fitch Ratings. It was followed by the iShares MSCI Indonesia ETF (EIDO), with a gain of 10.33% and the Global X MSCI Nigeria ETF (NGE), up 9.54%. The iShares MSCI Brazil ETF (EWZ) was the biggest loser, seeing losses of 8.75%. The iShares MSCI Chile ETF (ECH) had the second-worst return profile, with a loss of 5.65%, followed by the iShares MSCI Japan ETF (EWJ) decreasing by 2.63%. The SPDR S&P 500 ETF Trust (SPY) led inflows for country-specific ETFs, pulling in nearly $4 billion during the month as its underlying index hit a new high. EWJ was in a distant second place, adding $400 million in the month, while the iShares MSCI Canada ETF (EWC) saw $212 million in inflows. Leading the outflows was the iShares MSCI United Kingdom ETF (EWU), which decreased by $433 million, followed by the iShares MSCI Taiwan ETF (EWT), with just shy of $300 million in outflows and the iShares MSCI South Korea ETF (EWY), with a loss of $169 million.

 

 

Countries

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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.