ACWI: Priced For Returns Of More Than 8%

Summary

• ACWI is a global equity fund that invests across both developed markets and emerging markets.
• The United States as a geography represents a significant portion of fund assets.
• ACWI is probably priced for decent returns in the region of 8%, although given its high level of diversification, it is unlikely to out-perform.
• ACWI is likely a good solution for diversified global investors (especially U.S.-domiciled). But I would remain neutral on the basis of little opportunity for out-performance.

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iShares MSCI ACWI ETF (NASDAQ:ACWI) is an exchange-traded fund that invests across both developed and emerging markets. Net assets under management were $16.6 billion as of December 14, 2021, with a reported net expense ratio of 0.32% (not

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