iShares MSCI South Africa Index Fund (EZA)

Hong Kong (EWH) is trading over 3 standard deviations above its 50-DMA for the country's most overbought reading since October.

Since the elections a little over two and a half months ago, the S&P 500 (SPY) has risen 5.42% through today. That's better than any of the other key country ETFs.

South Korea (EWY) is by far the worst performer today and it is also now the only one trading at a 52-week low too. 

Chinese equities, as proxied by the MSCI China ETF MCHI, are now up close to 26% since September 13th.

The weakening U.S. dollar is prompting increased capital investment into emerging markets, signaling a potential shift in global economic dynamics.

South Africa is renowned for its developed and diversified mining industry. We put the country ETF EZA​​​​​​​ on our radar as mining output has declined significantly since the 1970s due to various factors.

Equities in the U.S. have gotten off to a weak start this month with the S&P 500 (SPY) down modestly over the past couple of sessions.

INDA ETF is up 16.3% over the past year, followed by the iShares MSCI Brazil ETF at 12.9%; Russian, Chinese and South African equity lag far behind.

South Africa’s economy is on a disheartening path.

Burton Malkiel, author of the book A Random Walk Down Wall Street, asserted, “The facts suggest that successful market timing is extraordinarily difficult to achieve.”1

July was a positive month for the U.S. stock market, but strong gains were also seen in global equity markets, with some countries posting double-digit monthly returns. Notably, the 1% decline in the dollar in July, marking its second consecutive month of losses, provided a boost to numerous emerging markets heavily reliant on the greenback’s cycle.

The average country ETF is 4.55% away from a 52-week high after posting a double-digit YTD gain. Based on developed and emerging countries, there has been some divergence.

If you’re worried Chinese stocks have come too far, too fast, here are other emerging markets ETFs to consider for 2023.

With 2022 drawing to a close, there are only two countries that are currently in the green for the year: Brazil (EWZ) and Mexico (EWW).

For most major global equity markets, at some point this Fall a 52-week low has been put in place, with significant rallies since then.

Relative to the rest of the world, the S&P 500’s one-week performance has actually been middling at just over 5%.

RSX is now down 42% from its 52-week high setback in October and is down 27.59% year to date.

So far this year, SPY has traded down by 7.1% while EEM has gained 1.3%, thus resulting in a performance spread of 8.5 ppts.

A look at the ETFs tracking the stock markets of 22 major global economies and their performance YTD, since their 52-week high

If you're thinking about some of the best country-specific ETFs to buy for 2022, here are seven that ought to deliver for investors.

It may have been a shortened session in the US, but equities took a big hit around the globe today.

Looking across the various ETFs tracking the stock markets, by far the best performer in the month of August was India (INDA) which rallied 8.75%.