The developed markets ex-U.S. total market segment contains what many U.S. investors refer to as international fundsâ€”those that exclude the U.S. and cover the market-cap spectrum from large firms to small.
Many funds offer pure cap-weighted vanilla exposure. The two leading funds by AUM, iShares' EFA and Vanguard's VEA, omit Canada from their coverage universe, but otherwise represent the market segment very well.
With 103 ETFs traded in the U.S. markets, Developed Markets ETFs gather total assets under management of $284.40B. The average expense ratio is 0.44%. Developed Markets ETFs can be found in the following asset classes:
- Fixed Income
The largest Developed Markets ETF is the iShares MSCI EAFE ETF EFA with $69.75B in assets. In the last trailing year, the best performing Developed Markets ETF was the HSCZ at 10.16%. The most-recent ETF launched in the Developed Markets space was the WisdomTree International Multifactor Fund DWMF in 08/10/18.