This is a passive international equity ETF that tracks a broad index of large- and mid-cap stocks in developed and emerging markets worldwide, excluding the US. It diversifies across global markets outside the US.

It suits international diversification investors who want broad exposure to non-US stocks worldwide at a very low fee.

It is an ETF managed passively (index tracking) by Goldman Sachs.

The fund tracks, on a market-cap-weighted basis, an index that broadly covers large- and mid-cap stocks in developed and emerging markets worldwide, excluding the US. It covers most of the market capitalization of global markets outside the US, diversifies across international equities as a whole, and is run at a very low fee.

• Broad diversification spanning developed and emerging markets outside the US
• Exposure to international stocks at a very low fee

Assets under management (AUM) are $619.5M, and the expense ratio is 0.18% per year.

Unlike ETFs that invest only in developed markets, it also includes emerging markets for broader diversification, but that adds emerging market volatility and currency exposure.

International equities are influenced by each country's economy, exchange rates, global trade flows and emerging market risk appetite. They can show relative strength when the dollar weakens or overseas markets rally, but may lag when the dollar strengthens or the global economy slows.

Money tends to flow into international ETFs when demand for diversification outside the US rises, while inflows can slow relatively when preference for US stocks strengthens.

Its strength is broad diversification across the world outside the US at a very low fee, while currency exposure and emerging market risk are the drawbacks.

VEA, IEFA, EFA and others shown in the table are ETFs focused on developed markets, while VT invests worldwide, including the US. To invest in the world excluding the US, you can also compare IXUS (global ex-US), ACWX (broad international) and IDEV (developed markets). They differ in regional composition, whether emerging markets are included, and fees, so it is best to choose according to your investment style.

Here are the points to review before investing in GXUS. As an international equity ETF, it is important to check currency exposure, emerging market risk, regional risk and fee level in advance.

Because the fund is exposed to multiple currencies, returns converted into Korean won can swing with exchange rates, and its emerging market weighting exposes it to volatility and geopolitical risk. It may lag when the dollar strengthens or the global economy slows.

This is a passive ETF suited to international diversification investors who want broad exposure to non-US stocks worldwide at a very low fee. If you want to focus on developed markets, a developed-market ETF may be the better fit, and if you want broad diversification that includes emerging markets, GXUS can be an alternative.