5 International Equity ETFs That Trumped S&P 500 In 1H Of 2020

The coronavirus pandemic took the global markets in its grip in the first quarter and caused a bloodbath in various global bourses. However, unprecedented stimulus measures by global central banks and governments pulled the ailing global markets very soon from the nadir in the second quarter.

 At the time of writing, there were more than 9,500,000 infected people. Since signs of the second wave of coronavirus look rife at the end of the second quarter, concerns of prolonged economic weakness have strengthened. 

The IMF now estimates a contraction of 4.9% in global gross domestic product in 2020, lower than the 3% decline it predicted in April. Global markets remain subdued in the final days of June. Investors have started to believe that social distancing measures will remain in place during the second half of the year, with economic activity and supply chains being hampered.

Overall, the S&P 500 lost 5.6% in the first half, while all-world iShares MSCI ACWI ETF (ACWI - Free Report) retreated about 5.3%. Investors should note that Vanguard FTSE Europe Index Fund ETF Shares (VGK - Free Report) nosedived 14.3% in the first half.

Asia ETF iShares Asia 50 ETF (AIA - Free Report) was down 1.3%. iShares MSCI Emerging Markets ETF (EEM - Free Report) was off 10.1%, First Trust Latin America AlphaDEX Fund (FLN) slumped 34.3% and iShares China Large-Cap ETF (FXI) lost 6%. Against this backdrop, we highlight a few international ETFs that outperformed the S&P 500 in H1.

ETFs in Focus

First Trust Dow Jones International Internet ETF (FDNI - Free Report— Up 37.7%

The underlying Dow Jones International Internet Index is a float-adjusted, market-capitalization weighted index designed to measure the performance of the 40 largest and most actively traded non-U.S. international companies in the Internet industry that are engaged in Internet commerce and Internet services. The fund charges 65 bps in fees.

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