Views are as of the date above and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector.
International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards. Prices of emerging-market and frontier-market securities can be significantly more volatile than the prices of securities in developed countries, and currency risk and political risks are accentuated in emerging markets.
MSCI World ex USA Index captures large and mid-cap representation across 22 developed market countries excluding the United States. Indexes are unmanaged and investments cannot be made in an index.
Federated Global Investment Management Corp.