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ETF Specialist

Older Doesn't Mean Better

There are broader, cheaper options than this 2000-era world-stock ETF.

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 IShares Global 100 (IOO) offers exposure to the 100 largest multinational, blue-chip companies in the world, including names such as  Apple (AAPL),  Nestle (NSRGY),  HSBC (HSBC), and  Toyota (TM). This fund is suitable for use as a core holding, but given its approximately 60% allocation in U.S. large caps, it may overlap significantly with most investors' existing holdings.

Launched in 2000, this was one of the first exchange-traded funds to provide exposure to a portfolio of equities from around the world. Its benchmark was designed to be investable and easy for index funds to replicate, hence the mega-cap focus. Since then, it has become a lot easier for global-equity index funds to provide exposure further down the market-cap spectrum, as foreign markets grow more liquid and as indexing strategies become more popular.

Patricia Oey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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