International Report: Q4 2019

The Global X International Report can be viewed here. The report summarizes market and macroeconomic developments across our International Access Suite. For a closer look at China Sector, see the latest Q4 China Sector Report.

Summary

Toward the end of 2019, high valuations, muted earnings growth, and a pause from the Fed in US equity markets helped boost investor interest in the international equity markets. The announcement of a Phase One trade deal between the US and China reaffirmed such interest and over the last quarter of 2019, all the ETFs in Global X’s International Access Suite posted positive returns.

Except for the Global X MSCI Norway ETF (NORW) and the Global X MSCI Nigeria ETF (NGE), all of the Global X Single Country ETFs outperformed the benchmark MSCI All World Country Index (ACWI) over the quarter. Four of the International Access funds, the Global X MSCI Pakistan ETF (PAK), the Global X MSCI Argentina ETF (ARGT), the Global X MSCI China Large-Cap ETF (CHIL), and the Global X MSCI Colombia ETF (GXG) also outperformed the benchmark MSCI Emerging Markets Index during the period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

For performance data current to the most recent month-end and for standard performance, please visit globalxetfs.com.

(Click on image to enlarge)

International Performance Q4 2019

Source: Bloomberg as of Dec 31, 2019

Performance shown is past performance, based on the NAVs of the underlying sector ETFs and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. To view standard performance each of the funds, please click on the links available under “Related ETFs” below this post.

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