Vad är en globalfond? | Nordnet Academy

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4 Dec 202303:09

Summary

TLDRThe video script explores the concept of a global fund, distinguishing between global index funds and actively managed global funds. It explains that global index funds typically consist of 70% U.S. investments, focusing on developed economies and excluding emerging markets like China and India. In contrast, actively managed funds can include emerging markets and have a higher fee. To achieve a more global portfolio, viewers are advised to consider investing in a combination of global index funds and emerging market funds, such as those following the MSCI All Country World Index.

Takeaways

🌍 A global fund is more complex than just a stock fund with stocks from around the world.
🗺️ Global index funds, especially those following the MSCI World Index, include only 23 developed countries, excluding emerging markets like China and India.
🇺🇸 Global index funds typically have 70% of their investments in the USA, making them heavily weighted towards the US market.
📈 Actively managed global funds can choose their own country allocations and are not as heavily weighted towards the USA.
🏛️ 70% USA investment means 70% of the capital is on the American stock market, but this includes many international companies listed in the USA.
📉 Global index funds have lower fees compared to actively managed global funds, which usually have higher fees.
🧩 If you want a more globally inclusive index fund, consider those following the MSCI All Country World Index.
🌟 Another approach to achieve global exposure is to combine a global index fund with an emerging markets index fund.
🌐 This combination provides a more comprehensive global portfolio, including both developed and emerging markets.
👍 The script explains the differences between global index funds and actively managed global funds, and how to make a global fund truly global.

Q & A

What is a global fund?
-A global fund is an investment fund that holds stocks from all around the world, often tracking a global index like the MSCI World Index.
How many countries are typically included in a global index fund?
-Most global index funds include around 23 developed countries, as per the MSCI World Index.
Do global index funds include emerging markets like China and India?
-No, global index funds usually do not include emerging markets such as China and India, focusing instead on developed economies.
What is the difference between a global index fund and an actively managed global fund?
-A global index fund tracks a specific index, often with a heavy allocation to the U.S. market, whereas an actively managed global fund can choose countries independently and may not have such a high allocation to the U.S.
What percentage of a global index fund is typically invested in the U.S. market?
-A global index fund might have around 70% of its capital invested in the U.S. market, but this includes companies from all over the world listed on American exchanges.
Can an actively managed global fund include emerging markets?
-Yes, some actively managed global funds may choose to include emerging markets like China and India, depending on the fund's strategy.
How do fees compare between global index funds and actively managed global funds?
-Global index funds usually have lower fees compared to actively managed global funds, which often have higher fees due to the active management involved.
Is there an index that includes both developed and emerging markets?
-Yes, the MSCI All Country World Index includes both developed and emerging markets, providing a more comprehensive global exposure.
What is a strategy to create a more global portfolio without emerging markets in the index?
-One can invest in a global index fund that includes only developed economies and then supplement it with a separate emerging markets index fund.
How can investors ensure they are making informed decisions when choosing a global fund?
-Investors should read the fund's documentation and understand its composition, strategy, and fees before investing.
What is the MSCI World Index, and what does it represent?
-The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, representing approximately 85% of the free float-adjusted market capitalization in each developed country.

Outlines

00:00

🌐 Understanding Global Funds

This paragraph introduces the concept of a global fund, explaining that it's more than just a stock fund with shares from around the world. It clarifies that a global index fund, especially one that tracks the MSCI World Index, includes shares from 23 developed countries, excluding emerging markets like China and India. The paragraph also touches on the distinction between global index funds and actively managed global funds, noting that the former typically has a higher percentage of U.S. investments.

Mindmap

Keywords

💡Global fund

A global fund, as discussed in the video, is an investment fund that holds a diversified portfolio of assets from various countries around the world. It is integral to the video's theme as it explains the nature of such funds and their composition. In the script, it is mentioned that a global fund is not as simple as just an equity fund with stocks from all over the world, indicating a more complex structure.

💡MSCI World Index

The MSCI World Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets. It is a key concept in the video as it serves as a benchmark for many global index funds. The script specifies that the MSCI World Index includes 23 developed countries, which is a subset of the world's nations and does not encompass emerging or frontier markets.

💡Developed countries

Developed countries are nations with a high level of industrialization and advanced economies. In the context of the video, these are the countries that are typically included in global index funds, such as those following the MSCI World Index. The script mentions that the blue countries on the map represent developed countries, which are part of most global index funds.

💡Emerging markets

Emerging markets refer to countries that are progressing towards becoming fully industrialized but have not yet reached the level of developed countries. The video script points out that emerging markets like China and India are not included in the MSCI World Index, which is a critical distinction when discussing the composition of global funds.

💡Frontier markets

Frontier markets are a subset of emerging markets, representing countries that are at an earlier stage of economic development. The script explains that these markets are not yet considered emerging and thus are not included in the index of most global funds, highlighting the limitations of traditional global index funds.

💡Index funds

Index funds are a type of mutual fund or exchange-traded fund designed to track the performance of a specific index. The video script discusses the characteristics of global index funds, such as their heavy allocation to the United States (around 70%), and their lower fees compared to actively managed funds.

💡Actively managed funds

Actively managed funds are investment funds where a portfolio manager makes decisions about which securities to buy and sell, in contrast to index funds that passively track an index. The video script explains that actively managed global funds can have a different allocation strategy, potentially including a more diverse range of countries beyond the developed markets.

💡Allocation

Allocation in the context of investment funds refers to the distribution of assets within a fund's portfolio. The script uses the term to describe how global index funds are heavily allocated to the United States, while actively managed funds can have a more varied allocation.

💡Expense ratio

The expense ratio is the annual fee that all funds charge their shareholders. It is a key concept in the video as it distinguishes between the lower fees of global index funds and the higher fees of actively managed global funds. The script mentions that this is an important factor to consider when choosing between these types of funds.

💡MSCI All Country World Index

The MSCI All Country World Index is a broader index that includes both developed and emerging markets, offering a more comprehensive global representation. The video script suggests this index as an alternative for investors looking for a global fund that includes not only developed economies but also emerging ones like China and India.

💡Portfolio

A portfolio refers to a collection of financial assets such as stocks, bonds, commodities, cash, and cash equivalents, as well as investment funds. In the video, the term is used to describe the composition of different types of global funds and how they can be combined to create a more global investment, such as by adding an emerging market fund to a global index fund.

Highlights

A global fund is not just a stock fund with stocks from around the world, it's more complex.

Global index funds, especially those tracking the MSCI World Index, invest in 23 developed countries.

Emerging markets like China and India are not included in the MSCI World Index.

Global index funds are typically funds of developed economies.

The difference between a global index fund and an actively managed global fund is that the latter can choose countries on its own.

Global index funds are usually 70% invested in the US, but this includes many companies from around the world listed on US exchanges.

Actively managed global funds can have a lower percentage invested in the US, like 40-50%.

Global index funds tend to have lower fees compared to actively managed global funds.

To include emerging markets like China and India, one can invest in global funds tracking the MSCI All Country World Index.

Another way to have a more global portfolio is to combine a global index fund with an emerging markets index fund.

It's important to read and understand the fund's composition before investing.

Global funds can provide exposure to a wide range of developed economies.

Active management allows for more flexibility in choosing countries and stocks.

The MSCI World Index is a common benchmark for global index funds.

Frontier markets are not yet included in global index funds.

Investors have the option to choose between index and actively managed funds based on their preferences.

Combining different types of funds can create a more diversified and global portfolio.

Understanding the differences between global index funds and actively managed funds is crucial for informed investing.