ACWI Stock Recent News
ACWI LATEST HEADLINES
Investors were net purchasers of fund assets for the second week in a row, injecting a net $5.8 billion for the week ended Wednesday, May 3. Equity ETFs experienced net outflows for the first week in four, handing back a little less than $7.8 billion for the most recent fund-flows week.
The two-year Treasury yield closed above the 5% mark for the first time since June 18, 2007, on Tuesday. For the fund flows week, conventional taxable bond funds witnessed $1.0 billion in net redemptions, while their ETF counterparts attracted $4.9 billion.
Investors were net purchasers of fund assets for the second week in a row, but they injected only a net $853 million for the week. Equity ETFs experienced net inflows for the first week in three, taking in a little less than $3.2 billion for the most recent fund-flows week.
Investors were net purchasers of money market funds while being net redeemers of equity funds, tax-exempt fixed income funds, and taxable bond funds for the week. For the week, the average equity fund (including ETFs) witnessed market declines of 1.01%, while its taxable fixed income counterpart declined 0.23%.
Though U.S. stocks are showering strong gains to investors, the international market is not behind.
The year 2023 recorded the best January in four years. The month will be remembered for the comeback of the Nasdaq index after a tough 2022.
In this article, I focus on the iShares MSCI ACWI ETF (ACWI) and how it compares to the Vanguard Total World Stock ETF (VT). For the longest common period since June 2008, ACWI currently lags VT by about 14%-points or 41 basis points per year.
ACWI invests in equities across the world, with a bias in favor of U.S. equities. The fund appears undervalued on a sub-consensus longer-term earnings growth trajectory.
During Refinitiv Lipper's fund-flows week that ended January 4, 2023, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the second week in three, pumping in a net $37.06 billion. Exchange-traded equity funds recorded $7.0 billion in weekly net outflows, marking the second week of outflows in three.
iShares Core Equity ETF Portfolio offers a low-cost way to own over 9,000 equities from across the entire investable universe. Holding an all-in-one exchange-traded fund like XEQT:CA can provide the portfolio diversification needed to allow investors to focus their capital on their highest conviction ideas.