The iShares MSCI ACWI ex US Index Fund (ACWX) is an exchange-traded fund (ETF) that aims to track the performance of the MSCI All Country World ex USA Index, a benchmark index that includes international stocks from developed and emerging markets, excluding the United States.
The ETF offers exposure to a diversified portfolio of stocks from a range of countries and industries outside the United States, including Japan, the United Kingdom, Canada, France, Germany, China, and South Korea, among others. The fund's holdings are market-cap weighted, meaning that larger companies make up a greater percentage of the portfolio.
Investors can use ACWX to gain exposure to international stocks, diversify their portfolios, and potentially benefit from global economic growth. The ETF offers low-cost access to a broad range of international equities, with an expense ratio of 0.32%.
However, it is important to note that investing in international stocks can also carry risks, including currency fluctuations, political instability, and regulatory changes. As with any investment, investors should carefully consider their investment objectives and risk tolerance before investing in ACWX or any other ETF.
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