Related: Emerging Asia ETFs Look Like a Cheap Bargain Play for 2019
All About ACWX ETF
Indeed, ACWX reflects the compelling valuations associated with international equities. The fund has a price-to-earnings ratio of about 13. Home to nearly 1,300 stocks, ACWX features three emerging markets and seven developed economies among its top 10 geographic weights. Japan and the U.K. combine for over 28% of the fund’s weight. China is ACWX’s largest emerging market exposure at 7.89%.
“Investors have successively punished various segments, starting earlier in the year with emerging markets,” said BlackRock. “Interestingly, it was the most beaten up segments, notably emerging markets and Europe that outperformed during December’s carnage. As such, select EM equities or perhaps European energy companies look particularly cheap and interesting.”
Financial services stocks account for almost 24% of ACWX while industrial and consumer discretionary names combine for 21.72%.
For more information on global markets, visit our global ETFs category.