Countries In Review: March 2020

Country ETFs had a rough time during the month, with a few exceptions.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

January was a fairly bleak month for country ETFs, with just a handful of funds recording positive returns. The top performer was the Global X MSCI Nigeria ETF (NGE), up 3.65%; while the iShares MSCI Israel ETF (EIS) was up 2.89%; and the iShares MSCI Turkey ETF (TUR) was up 2.55%. The worst performers were led downward by the iShares MSCI South Africa ETF (EZA), falling 9.11%; followed by the iShares MSCI Thailand ETF (THD) and the iShares MSCI Philippines ETF (EPHE), down 9.06% and 8.22%, respectively. The SPDR S&P 500 ETF Trust (SPY) topped the inflows, with a gain of $559.2 million, while the iShares MSCI Hong Kong ETF (EWH) added $306.9 million and the iShares MSCI Germany ETF (EWG) gained $132.6 million. At the other end of the spectrum, the iShares MSCI Japan ETF (EWJ) led fund losses, bleeding $436.3 million, as the iShares MSCI Australia ETF (EWA) lost $116 million and the iShares MSCI Switzerland ETF (EWL) dropped $92.4 million.

 

 

 

Countries

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

 

Index Data Source: MSCI.
Sources: Bloomberg and FactSet.
Data from 12/31/2019 to 1/31/2020.

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.