RGLB allocates just over 20% of its combined weight to Japan and the U.K. with Germany and France, the Eurozone’s two largest economies, combining for 11.7%.
Relative to the MSCI ACWI Index, RGLB is overweight the consumer discretionary, industrial, consumer staples and energy sectors while being underweight financials, technology and healthcare.
Importantly, RGLB is significantly underweight U.S. stocks relative to the MSCI benchmark, which can help the ETF capture more of the favorable valuations currently being found in ex-US markets.
Revenue-weighted domestic options include the Oppenheimer Large Cap Revenue ETF (NYSEArca: RWL), Oppenheimer Mid Cap Revenue ETF (NYSEArca: RWK), Oppenheimer Small Cap Revenue ETF (NYSEArca: RWJ), Oppenheimer Ultra Dividend Revenue ETF (NYSEArca: RDIV) and the Oppenheimer Financials Sector Revenue ETF (NYSEArca: RWW).
For more on Smart Beta ETFs, visit the Smart Beta Channel home page.