iShares Core MSCI International Developed Market (IDEV)

iShares Core MSCI International Developed Market ETF (ACWI)

Profile: iShares Core MSCI International Developed Market ETF (ACWI) is a passively managed ETF that tracks the MSCI ACWI ex USA Index. It seeks to provide investors with broad exposure to developed market equities outside the United States. The ETF invests in large and mid-cap companies across developed countries, excluding the United States.

Objective: The primary investment goal of ACWI is to track the performance of the MSCI ACWI ex USA Index, offering investors a convenient and diversified way to access a broad range of international developed market stocks.

Issuer: BlackRock:

• Reputation and Reliability: BlackRock is the world's largest asset manager with a strong reputation and a long track record of success.
• Management: BlackRock has a team of experienced and qualified portfolio managers who oversee the ACWI ETF.

Market Share: ACWI is one of the largest ETFs in its category, with over $240 billion in assets under management.

Total Net Assets: As of October 26, 2023, ACWI has total net assets of over $240 billion.

Moat:

• Low Expense Ratio: ACWI has a low expense ratio of 0.06%.
• Liquidity: ACWI is a highly liquid ETF, with an average daily trading volume of over 20 million shares.
• Diversification: ACWI provides investors with exposure to a wide range of international developed markets, reducing risk through diversification.

Financial Performance:

• Historical Returns: ACWI has generated an annualized return of 8.2% over the past 5 years.
• Benchmark Comparison: ACWI has outperformed its benchmark index, the MSCI ACWI ex USA Index, over the past 5 years.

Growth Trajectory: The growth of international developed markets is expected to continue in the long term, driving potential growth for ACWI.

Liquidity:

• Average Trading Volume: ACWI has an average daily trading volume of over 20 million shares.
• Bid-Ask Spread: The bid-ask spread for ACWI is typically tight, indicating low transaction costs.

Market Dynamics:

• Global Economic Growth: International developed market economies are expected to experience moderate growth in the coming years.
• Interest Rates: Rising interest rates could potentially impact the performance of international developed market equities.

Competitors:

• iShares Core S&P 500 (IVV)
• Vanguard FTSE Developed Markets ETF (VEA)
• SPDR S&P International Developed Markets ETF (IDV)

Expense Ratio: The expense ratio for ACWI is 0.06%.

Investment Approach and Strategy:

• Strategy: ACWI tracks the MSCI ACWI ex USA Index.
• Composition: The ETF holds approximately 1,600 stocks from developed markets outside the United States.

Key Points:

• Broad exposure to international developed market equities.
• Low expense ratio.
• Highly liquid.
• Track record of outperforming its benchmark index.

Risks:

• Market Risk: The value of ACWI can fluctuate with the performance of international developed market equities.
• Currency Risk: ACWI is exposed to currency risk as its holdings are denominated in various currencies.
• Volatility: International developed markets can be more volatile than the U.S. market.

Who Should Consider Investing:

• Investors seeking exposure to international developed market equities.
• Investors who want a low-cost and diversified investment option.
• Investors with a long-term investment horizon.

Fundamental Rating Based on AI: 8.5/10

ACWI receives a high rating based on its strong financial performance, low expense ratio, and robust market position. Its broad diversification and track record of outperforming the benchmark index make it an attractive option for investors seeking international developed market exposure.

Resources and Disclaimers:

• BlackRock website: https://www.blackrock.com/us/individual/products/239500/ishares-core-msci-international-developed-markets-etf
• iShares ACWI ETF Fact Sheet: https://www.ishares.com/us/products/239500/ishares-core-msci-international-developed-markets-etf

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.