- IXUS is a large fund with 1,000s of holdings across the world.
- The fund invests in both developed and emerging markets.
- Overall, the fund is likely undervalued, pricing in returns of possibly as much as 9% per year for the foreseeable future.
- However, more empirically speaking, the fund has not really ever out-performed the U.S. equity markets.
- Nevertheless, IXUS is probably inexpensive at present, and the fund's valuation potentially bodes well for the U.S. equity market if correlations hold.
For further details see:
IXUS: International Equities Are Probably Undervalued