The Global Economy
The iShares MSCI EAFE ETF (EFA) provides exposure to the global economy for investors or traders who wishes to be long the international developed markets based portfolio with no exposure to the U.S. or Canada. Specifically, the fund has an EAFE composition and offers considerable diversification. This recent SA article has some of the more recent talking points with respect to the global economy. It also highlighted recent strength in the U.S. market and an overall improved global outlook. From a return perspective, international equities have lagged the S&P 500.