Countries In Review: April 2020

COVID-19 wreaked havoc on global stock markets.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

February was a devastating month for country ETFs, with almost every fund finding itself deep in negative territory after the coronavirus wreaked havoc on global markets. Interestingly, the iShares China Large-Cap ETF (FXI) had slightly positive returns, up 0.35% for the month. It was followed by the iShares MSCI Hong Kong ETF (EWH), which was down 1.42%, and the iShares MSCI Taiwan ETF (EWT), which receded 2%. The iShares MSCI Poland ETF (EPOL) was the hardest hit, falling 16.03%, while the Global X MSCI Nigeria ETF (NGE) was down 15.10% and the iShares MSCI Turkey ETF (TUR) fell 14.57%. Regarding flows, the SPDR S&P 500 ETF Trust (SPY) hemorrhaged a stunning $22 billion. The iShares MSCI Japan ETF (EWJ) followed distantly, with outflows of $1.4 billion, and the iShares MSCI Mexico ETF (EWW) lost $222.7 million. Inflows were very muted, with the iShares MSCI France ETF (EWQ) pulling in $122 million, the iShares MSCI Germany ETF (EWG) gaining $44 million and the iShares MSCI United Kingdom ETF (EWU) rising $39.6 million.

 

 

 

Countries

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

 

Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 01/31/2020 to 02/29/2020.

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.