It’s been a spectacular week for the bulls… no doubt about it. Both the S&P 500 and the Russell 2000 gained ground in all 5 trading sessions. In fact, the iShares Russell 2000 (IWM) hit fresh 52-week highs, closing in on territory not seen since the Lehman bankruptcy (9/2008).

Some attribute the new-found desire for stock assets to better-than-anticipated jobs numbers from February. Others believe the retail/consumer spending data came in strong. Still others see promise in the idea that the European Union is willing to help Greece, but on the EU’s terms.

Below is a table in order of the sum of the 3, 6, and 12 month returns for individual country ETFs. Each column represents returns for various timeframes and the percent each ETF is above (or below) the 200 day moving averages as of January's close. This list is tracked monthly on the right hand side of my blog Scott's Investments. I have started tracking two new country ETFs, GXG (Colombia) and BRF (Brazil Small Cap).

Note that all country ETFs are above their 200 day moving average except EWO (Austria), FXI (China 25 Index), EWQ (France), EWG (Germany), EWI (Italy), and EWP (Spain).

Gaining long-term perspective on country fund investing is hampered by the lack of long-term existence of some of the funds. Fortunately, MSCI publishes country index total return figures that go back ten years or more — longer than some of the country funds have been around.

These three charts present the total return (including distributions, but before taxes) for 30 of the countries for which there are country fund ETFs or CEFs. They are as of February 26 and show the 1-day, 1-month, 3-months, YTD, 1-year, 3-year, 5-year and 10-year total return for each country index.