SPDW ETF

The SPDR Portfolio Developed World ex-US ETF focuses on international stocks, mainly from Japan, the UK, Canada, France, and Switzerland. Its investments are spread out, reducing the risks that come with being too focused, unlike the S&P 500. This ETF has a larger share in sectors like financials, industrials, and materials, while it has less exposure to information technology and communication services.

SPDR Portfolio Developed World ex-US ETF has a low expense ratio of 0.03% and an accelerating earnings growth rate through 2025. SPDW's fund price has almost recovered from the pandemic peak. The fund's valuation is fair, and with the Federal Reserve likely to begin a rate cut cycle, there is potential for SPDW to move higher.

US stock market rises as investors hope for easing financial conditions in 2024, leading to stretched valuations. SPDR Portfolio Developed World ex-US ETF provides exposure to markets with more sensible valuations. US equities are overvalued, concentrated in tech stocks, and face potential risks from a more hawkish Federal Reserve.

The US has been the only place to invest for over a decade, but the cycle for international investing and non-US outperformance will come. The SPDR Portfolio Developed World ex-US ETF offers a low-cost and diversified way to gain exposure to international equities. SPDW has a diversified portfolio across various sectors and countries, with a significant presence in strong economies like Japan, the UK, and Canada.