Morningstar Rating

ETF Research and Analysis

by Patricia Oey
Suitability
SPDR MSCI ACWI ex-US CWI provides cap-weighted exposure to 45 developed and emerging markets, an asset class that currently accounts for about 50% of the world's market capitalization.
Morningstar advises investors to   Read more 

Bull Case

Many of the fund's largest holdings are high-quality multinational firms that are positioned to capitalize on growth in emerging markets.
A one-stop fund for both developed- and emerging-markets exposure. Read more 

Bear Case

A strengthening U.S. dollar could put a dent in the fund's returns, even if its holdings appreciate.
Despite its broad exposure, this ETF does not provide much diversification benefits for U.S. investors. Read more 

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Broad Fixed-Income Exposure At a Low Cost 
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