Countries In Review: December 2019

Frontier markets trailed developed and emerging markets in October

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Reviewed by: Heather Bell
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Edited by: Heather Bell

October ended on an upbeat note for country ETFs, with the majority recording positive performance. The iShares MSCI Taiwan ETF (EWT) led the way, up 7.4%; it was followed by the Global X MSCI Pakistan ETF (PAK), up 7.17%; and the Global X MSCI Colombia ETF (GXG), up 6.59%. Emerging and frontier markets saw most of the losses, with the iShares MSCI Chile ETF (ECH) down 8.18%. The Global X MSCI Nigeria ETF (NGE) was down 7.49%, and the iShares MSCI Turkey ETF (TUR) was down 7.06%. The SPDR S&P 500 ETF Trust (SPY) saw the biggest losses in the category by far, with outflows of $3.9 billion; trailed distantly by the iShares MSCI France ETF (EWQ), which lost $171.8 million; and the iShares MSCI Australia ETF (EWA), which lost $81.9 million. The iShares MSCI Japan ETF (EWJ), meanwhile, topped the inflows, with a gain of $863.7 million; followed by the iShares MSCI Brazil ETF (EWZ) and the iShares MSCI United Kingdom ETF (EWU), which pulled in $251.3 million and $246.8 million, respectively

 

 

Countries

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Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 09/30/2019 to 10/31/2019.

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.