Oil (USO) has been the best performing ETF in the universe we track over the last 5 days, with oil-related ETFs also performing well. Austria has been the best-performing European ETF and the best-performing country ETF, with Indonesia also doing well following an upgrade to investment grade for the sovereign by S&P overnight. Poor performers are dominated by Brazil and Latin American ETFs, with natural gas, retail, and the USD also getting hit hard.

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