International Report: Q4 2020

The Q4 2020 Global X International Report can be viewed here. The report summarizes market and macroeconomic developments across our International Access suite of ETFs. For a closer look at China Sectors, please see the latest China Sector Report: Q4 2020.

Summary

Following a global rally in Q2 which saw strong performance in the US and in international equity markets, and subsequently significant divergence in performance during Q3, international equities again had a strong performance in Q4. Positive vaccine developments helped boost global markets while foreign economies continued taking varied approaches to fiscal and monetary stimulus and containment of COVID-19, driving uneven results in GDP growth, corporate profitability, and ultimately equity returns.

From a high level, the US-based S&P 500 underperformed broad international equity markets during the quarter, returning 11.69% versus 14.68% for the MSCI All Country World Index (ACWI). Meanwhile, emerging markets (EM) again exceeded both, with the MSCI Emerging Markets Index (MXEF) rising 19.70%, driven yet again by strong growth from China, in addition to South Korea, Taiwan, India, and Brazil. Within Global X’s suite of single country and regional ETFs, nine outperformed the MSCI All World Country Index (ACWI) while only three lagged.

Q4 2020 International Performance

One and three-month performance is based on the NAVs of the underlying sector ETFs. Performance shown is past performance and does not guarantee future results. High short-term performance of the fund is unusual and investors should not expect such performance to be repeated. 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.  For performance data current to the most recent month-end, please visit globalxetfs.com.

Q4 2020 International Performance2

Fee waivers are contractual and in effect until at least March 1, 2021.

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Disclosure: 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 ...

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