We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
After almost a year-long wait, the month of November started delivering sweet surprises to investors in the form of back-to-back COVID-19 vaccine update from pharma companies likePfizer, Moderna and AstraZeneca. This raised hopes of a return to normalcy sooner than expected.
IHS Markit foresees 7.4% shrinkage in GDP (gross domestic product) in 2020 and 3.7% expansion in 2021, as quoted in CNBC. Optimism around vaccine developments and the likelihood of a solid rebound in corporate confidence and profitability will likely boost European stocks in 2021.
“Expectations of more stimulus from the European Central Bank and the bloc’s 1.8 trillion euro plan to recover from the recession" (per Reuters) probably have boosted global markets in November (read: 7 Europe ETFs Trending Up Despite Virus Cases & Lockdowns).
Overall, global stocks had a record-breaking month in November. Emerging-market currencies logged their largest gains in almost two years. Many European markets posted their best month ever, with France up 21% and Italy gaining almost 26%. The Nikkei’s 15% gain offered the index its best month since 1994, per Reuters.
Against this backdrop, below we highlight a few country ETFs that gained more than 25% in November.
The underlying MSCI All Greece Select 25/50 Index represents the performance of the broad Greece equity universe including securities classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in that country. The fund charges 57 bps in fees.
The underlying MSCI Turkey IMI 25/50 Index is a free float-adjusted market capitalization index designed to measure broad-based equity market performance in Turkey. The index consists of stocks traded primarily on the Istanbul Stock Exchange. The fund charges 59 bps in fees (read: Turkey ETF Looks Appetizing Ahead of Thanksgiving).
The underlying MSCI Spain 25/50 Index consists of stocks traded primarily on the Madrid Stock Exchange. The underlying index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights. It charges 50 bps in fees.
The underlying MSCI Brazil 25/50 Index consists of stocks traded primarily on the BM&FBOVESPA. It is a free float-adjusted market capitalization-weighted index. The fund charges 59 bps in fees.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Best Country ETFs of November
After almost a year-long wait, the month of November started delivering sweet surprises to investors in the form of back-to-back COVID-19 vaccine update from pharma companies likePfizer, Moderna and AstraZeneca. This raised hopes of a return to normalcy sooner than expected.
IHS Markit foresees 7.4% shrinkage in GDP (gross domestic product) in 2020 and 3.7% expansion in 2021, as quoted in CNBC. Optimism around vaccine developments and the likelihood of a solid rebound in corporate confidence and profitability will likely boost European stocks in 2021.
“Expectations of more stimulus from the European Central Bank and the bloc’s 1.8 trillion euro plan to recover from the recession" (per Reuters) probably have boosted global markets in November (read: 7 Europe ETFs Trending Up Despite Virus Cases & Lockdowns).
Overall, global stocks had a record-breaking month in November. Emerging-market currencies logged their largest gains in almost two years. Many European markets posted their best month ever, with France up 21% and Italy gaining almost 26%. The Nikkei’s 15% gain offered the index its best month since 1994, per Reuters.
Against this backdrop, below we highlight a few country ETFs that gained more than 25% in November.
Top-Performing Country ETFs in Focus
Global X MSCI Greece ETF (GREK - Free Report) – Up 36.8%
The underlying MSCI All Greece Select 25/50 Index represents the performance of the broad Greece equity universe including securities classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in that country. The fund charges 57 bps in fees.
Austria iShares MSCI ETF (EWO - Free Report) – Up 30.1%
The underlying MSCI Austria IMI 25/50 Index measures the equity market performance in Austria. The fund charges 49 bps in fees.
Turkey iShares MSCI ETF (TUR - Free Report) – Up 29.4%
The underlying MSCI Turkey IMI 25/50 Index is a free float-adjusted market capitalization index designed to measure broad-based equity market performance in Turkey. The index consists of stocks traded primarily on the Istanbul Stock Exchange. The fund charges 59 bps in fees (read: Turkey ETF Looks Appetizing Ahead of Thanksgiving).
Spain iShares MSCI ETF (EWP - Free Report) – Up 29.4%
The underlying MSCI Spain 25/50 Index consists of stocks traded primarily on the Madrid Stock Exchange. The underlying index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights. It charges 50 bps in fees.
Poland iShares MSCI ETF (EPOL - Free Report) – Up 28.7%
The underlying MSCI Poland IMI 25/50 Index measures the equity market performance in Poland. The fund charges 61 bps in fees.
Brazil iShares MSCI ETF (EWZ - Free Report) – Up 28.5%
The underlying MSCI Brazil 25/50 Index consists of stocks traded primarily on the BM&FBOVESPA. It is a free float-adjusted market capitalization-weighted index. The fund charges 59 bps in fees.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>