The index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. This ETF offers exposure to thousands of countries across dozens of different developed and emerging economies, giving it appeal to investors looking to simplify the portfolio construction process and minimize rebalancing needs. Be aware that the allocation of exposure across countries, regions, and development levels may not correspond to economic reality, so some investors may want to use other products to fine tune exposure or simply put the pieces of the puzzle together independently. ACWI offers cheap, balanced exposure to the global economy, though investors may wish to take a closer look at the composition of this ETF and make adjustments to exposure.
January’s US Non-Farm Payrolls are forecast to show a 169K job increase, with unemployment steady at 4.1%. Wage growth may ease, influencing Fed policy and market expectations.