SPDR S&P World ex US (SPDW)

Overview

SPDR S&P World ex US ETF (SPDW) seeks to provide investment results that correspond to the total return performance of the S&P Developed Ex-U.S. BMI Index, which represents developed markets excluding the United States. It invests primarily in stocks and aims to provide broad exposure to international developed markets.

Reputation and Reliability

State Street is a well-established and reputable ETF provider with a long track record in the market.

Management Expertise

State Street has significant experience and expertise in managing index-tracking ETFs.

Goal

To provide investment results that correspond to the total return performance of the S&P Developed Ex-U.S. BMI Index.

Investment Approach and Strategy

Strategy: Tracks the S&P Developed Ex-U.S. BMI Index.

Composition Primarily stocks from developed markets excluding the United States.

Market Share: SPDW holds a notable share in the international developed market ETF space, but is not a dominant player.

Total Net Assets (AUM): 38100000000

Key Competitors

• VEA
• IXUS
• ACWX

Competitive Landscape

The international developed market ETF landscape is competitive, with several large players. SPDW's expense ratio and tracking of the S&P Developed Ex-U.S. BMI Index offer a specific value proposition, but it competes with broader and more popular funds like VEA and IXUS which offer higher liquidity and tighter spreads.

Historical Performance: Historical performance data should be sourced from financial data providers and will vary. Please refer to a financial data provider.

Benchmark Comparison: The ETF's performance is expected to closely track the S&P Developed Ex-U.S. BMI Index.

Expense Ratio: 0.03

Average Trading Volume

The ETF's average trading volume indicates moderate liquidity, allowing for relatively easy buying and selling of shares. (Approximately 1,132,596 average daily volume).

Bid-Ask Spread

The bid-ask spread is generally tight, reflecting sufficient liquidity and relatively low trading costs.

Market Environment Factors

Economic growth in developed markets outside the US, currency fluctuations, and global trade policies affect SPDW's performance.

Growth Trajectory

Growth depends on the performance of the underlying index and investor demand for international diversification.

Competitive Edge

SPDW's low expense ratio provides a cost advantage compared to some competitors. Its focus on developed markets excluding the US offers targeted exposure. The ETF benefits from State Street's established reputation. It also leverages the well-known S&P index brand.

Volatility

SPDW's volatility is tied to the volatility of the international developed equity markets it tracks.

Market Risk

Market risk includes economic downturns, geopolitical events, and currency fluctuations impacting the returns of the underlying assets.

Ideal Investor Profile

Investors seeking broad exposure to developed markets outside the US and wanting to diversify their portfolios internationally.

Market Risk

Suitable for long-term investors seeking geographic diversification and passive index followers.

SPDR S&P World ex US (SPDW) provides exposure to developed markets excluding the US, tracking the S&P Developed Ex-U.S. BMI Index. It offers a low expense ratio and is managed by a reputable issuer, State Street. It is suitable for long-term investors seeking international diversification but faces competition from larger, more liquid ETFs. The fund's performance is directly tied to the economic health and market conditions of the developed nations it invests in.

Data Sources:

• State Street Global Advisors website
• S&P Dow Jones Indices website
• ETF.com
• Morningstar

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market conditions and ETF performance are subject to change.