SPDR® MSCI ACWI ex-US ETF (CWI)

Overview

The SPDRu00ae MSCI ACWI ex-US ETF (ACWX) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the MSCI ACWI ex USA IMI Index. It offers broad exposure to developed and emerging market equities outside of the United States.

Reputation and Reliability

State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record in the ETF market.

Management Expertise

SSGA has extensive experience in managing index-tracking ETFs, with a dedicated team overseeing the ACWX ETF.

Goal

To provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the MSCI ACWI ex USA IMI Index.

Investment Approach and Strategy

Strategy: The ETF employs a 'passive' or indexing investment approach, designed to track the performance of the MSCI ACWI ex USA IMI Index.

Composition The ETF holds a diversified portfolio of stocks from developed and emerging markets, excluding the United States. It primarily invests in equities.

Market Share: ACWX holds a significant market share in the international equity ETF space, though it is not the largest.

Total Net Assets (AUM): 3880000000

Key Competitors

• Vanguard FTSE All-World ex-US ETF (VEU)
• iShares Core MSCI EAFE ETF (IEFA)
• iShares MSCI ACWI ex U.S. ETF (ACWX)

Competitive Landscape

The international equity ETF market is highly competitive, with several large players. ACWX benefits from the brand recognition of SPDR and a low expense ratio. Competitors like VEU often have slightly lower expense ratios, which can attract cost-conscious investors. IEFA focuses on developed markets, offering a different risk/return profile.

Historical Performance: Past performance is not indicative of future results. Investors should review a prospectus before investing.

Benchmark Comparison: The ETF's performance should closely track the MSCI ACWI ex USA IMI Index, with deviations primarily due to fees and expenses.

Expense Ratio: 0.32

Average Trading Volume

ACWX has a relatively good average trading volume, facilitating ease of buying and selling shares.

Bid-Ask Spread

The bid-ask spread for ACWX is typically tight, indicating good liquidity and lower transaction costs.

Market Environment Factors

Global economic growth, geopolitical events, currency fluctuations, and interest rate changes can significantly impact ACWX's performance.

Growth Trajectory

ACWX's growth is tied to the performance of international equity markets and investor demand for ex-US exposure; strategies include maintaining accurate index tracking with low tracking error.

Competitive Edge

ACWX's competitive advantages include its well-known brand and established track record. The ETF also benefits from SSGA's expertise in managing index-tracking funds. The fund offers exposure to both developed and emerging markets outside the US, providing a well-diversified portfolio. The fund has a lower expense ratio, compared to similar ETFs.

Volatility

ACWX's volatility is reflective of the global equity markets it tracks, and may be higher than US-focused ETFs, especially during times of international market stress.

Market Risk

ACWX is subject to market risk, including currency risk, political risk, and economic risk associated with investing in international markets.

Ideal Investor Profile

ACWX is suitable for investors seeking broad exposure to international equities, particularly those looking to diversify their portfolio beyond the US market. Investors looking for both developed and emerging market exposure would benefit from this ETF.

Market Risk

ACWX is best for long-term investors seeking diversification and passive exposure to global equity markets.

SPDRu00ae MSCI ACWI ex-US ETF (ACWX) is designed to track the MSCI ACWI ex USA IMI Index and offers investors a cost-effective way to gain exposure to a broad range of international equities in both developed and emerging markets. Managed by SSGA, a reputable asset manager, ACWX provides diversification benefits for investors looking to reduce their reliance on the US market. Its performance closely mirrors its benchmark, with expenses being the primary driver of any slight deviations. Investors should be aware of the market and political risks associated with international investing.

• VEU
• IEFA
• VXUS
• SCHF
• IXUS

Data Sources:

• State Street Global Advisors (SSGA)
• MSCI
• ETF.com
• Yahoo Finance

Disclaimers:

The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results. Market share estimates are approximate and may vary.