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 markets, excluding the United States, through a diversified portfolio of equities.

Reputation and Reliability

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

Management Expertise

SSGA has extensive experience in managing index-tracking ETFs and employing sophisticated investment strategies.

Goal

To track the performance of the MSCI ACWI ex USA IMI Index.

Investment Approach and Strategy

Strategy: The ETF employs a replication strategy, investing in a portfolio of securities that closely matches the composition of the MSCI ACWI ex USA IMI Index.

Composition The ETF primarily holds stocks from developed and emerging markets, excluding the United States. The investments are broadly diversified across sectors and countries within the index.

Market Share: ACWX has a significant market share in the international equity ETF category, although specific figures fluctuate based on market conditions and competitor activity.

Total Net Assets (AUM): 4750000000

Key Competitors

• VXUS
• IEFA
• VEU

Competitive Landscape

The international equity ETF market is competitive, with several large players offering similar exposure. ACWX competes primarily on tracking error, expense ratio, and trading volume. Advantages include SSGA's established reputation. Disadvantages are it tends to have higher expense ratio compared to some of its largest competitors.

Historical Performance: Historical performance data is available from SSGA and major financial data providers. Performance varies based on global market conditions.

Benchmark Comparison: The ETF aims to closely track the MSCI ACWI ex USA IMI Index. Tracking error is a key metric for evaluating performance.

Expense Ratio: 0.29

Average Trading Volume

ACWX typically has a healthy average trading volume, allowing investors to buy and sell shares easily.

Bid-Ask Spread

The bid-ask spread for ACWX is generally tight, reflecting good liquidity and lower trading costs.

Market Environment Factors

Economic growth in developed and emerging markets, currency fluctuations, and geopolitical events significantly influence the ETF's performance.

Growth Trajectory

The growth trajectory depends on global economic conditions and investor demand for international equity exposure. Changes to the index methodology can also affect holdings.

Competitive Edge

ACWX benefits from SSGA's established reputation and experience in managing index-tracking ETFs. Its broad diversification across developed and emerging markets, excluding the U.S., offers investors access to a wide range of international equities. The ETFu2019s focus on mirroring the MSCI ACWI ex USA IMI Index provides transparency and predictability. However, its expense ratio may be a slight disadvantage compared to some competitors, while ACWX's main advantage is the reliability and trust associated with the State Street SPDR brand.

Volatility

ACWX's volatility is influenced by the volatility of the underlying international equity markets.

Market Risk

Specific risks include currency risk, political risk, and economic instability in the countries represented in the index.

Ideal Investor Profile

The ideal investor is seeking broad diversification in international equities, excluding the U.S., and is willing to accept the risks associated with international investing.

Market Risk

ACWX is suitable for long-term investors seeking diversification, active traders looking for international exposure, and passive index followers.

The SPDRu00ae MSCI ACWI ex-US ETF (ACWX) provides investors with a convenient way to gain broad exposure to international equity markets, excluding the United States. The ETF tracks the MSCI ACWI ex USA IMI Index, offering diversification across both developed and emerging markets. While ACWX benefits from SSGA's experience, the ETF's performance is significantly influenced by global economic conditions and currency fluctuations. Investors should carefully consider the expense ratio, international market risks, and their own investment goals and risk tolerance before investing. ACWX can be a useful tool for diversifying a portfolio and gaining exposure to global growth opportunities.

Data Sources:

• State Street Global Advisors (SSGA) official website
• MSCI Index Fact Sheet
• Major financial data providers (e.g., Bloomberg, Reuters, Morningstar)

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market conditions can change rapidly, and past performance is not indicative of future results. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.