These 3 Debt-Burdened Nations Lead 2023's Best Country ETFs, Surpassing Nasdaq 100
Portfolio Pulse from Piero Cingari
In 2023, three country ETFs outperformed the S&P 500 and Nasdaq 100, offering beneficial diversification for U.S.-based investors. The top performers were iShares MSCI Poland ETF (NYSE:EPOL), iShares MSCI Mexico ETF (NYSE:EWW), Global X MSCI Greece ETF (NYSE:GREK), Global X MSCI Argentina ETF (NYSE:ARGT), and Global X MSCI Nigeria ETF (NYSE:NGE). These ETFs track the performance of their respective country's stock market and are not currency hedged, exposing them to local currency fluctuations.
June 27, 2023 | 4:32 pm
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NEUTRAL IMPACT
The Invesco QQQ Trust (NASDAQ:QQQ) achieved its best half-year performance with a 34% year-to-date rally, but was surpassed by several country ETFs.
Despite QQQ's strong performance, it has been outperformed by several country ETFs, which could lead to a shift in investor interest.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) gained 14% in 2023, but was outperformed by several country ETFs.
While SPY has shown positive performance, it has been outperformed by several country ETFs, which could lead to a shift in investor interest.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The Global X MSCI Argentina ETF (NYSE:ARGT) was one of the top performing country ETFs in 2023, with a year-to-date performance of 35%.
ARGT's strong performance in 2023 could attract more investors, potentially driving its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The iShares MSCI Poland ETF (NYSE:EPOL) was one of the top performing country ETFs in 2023, with a year-to-date performance of 23%.
EPOL's strong performance in 2023 could attract more investors, potentially driving its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The iShares MSCI Mexico ETF (NYSE:EWW) was one of the top performing country ETFs in 2023, with a year-to-date performance of 28%.
EWW's strong performance in 2023 could attract more investors, potentially driving its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The Global X MSCI Greece ETF (NYSE:GREK) was one of the top performing country ETFs in 2023, with a year-to-date performance of 35%.
GREK's strong performance in 2023 could attract more investors, potentially driving its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The Global X MSCI Nigeria ETF (NYSE:NGE) was the top performing country ETF in 2023, with a year-to-date performance of 41%.
NGE's strong performance in 2023 could attract more investors, potentially driving its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100