"The fund tracks the MSCI ACWI ex USA Index, providing exposure to roughly 2,000 stocks across developed and emerging markets outside the United States. Think Tencent in China, SAP in Germany, ASML in the Netherlands, Samsung in South Korea. No Apple, no Nvidia, no Microsoft. The portfolio splits roughly evenly between Europe and Asia, with smaller positions in Canada, Australia, and Latin America."
"A key macro force behind international equity performance has been US dollar movement. When the dollar weakens, international stocks get a tailwind for US-based investors. Returns earned in euros, yen, or pounds translate into more dollars when converted back. Beyond currency, ACWX benefits from more balanced sector exposure. While the S&P 500 carries a 34% weight in technology stocks, ACWX spreads risk more evenly across financials, industrials, healthcare, and consumer sectors. That diversification provides different return characteristics than US-focused funds."
ACWX tracks the MSCI ACWI ex USA Index, offering exposure to roughly 2,000 non‑US stocks across developed and emerging markets, split mainly between Europe and Asia. The fund includes companies such as Tencent, SAP, ASML, and Samsung while excluding US mega‑caps. A weaker US dollar boosted returns for US investors by translating foreign‑currency gains into more dollars. ACWX’s sector weights are more balanced than the S&P 500’s heavy technology concentration, creating different return dynamics. The fund has $7.3 billion AUM, a 0.32% expense ratio, a 2% dividend yield, and low top‑10 concentration, with quarterly rebalancing.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]