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Wealth Manager Bets Big on International ETF

Wealth manager Financial Council disclosed a $10.55 million purchase of 159,189 shares of the iShares MSCI ACWI ex U.S. ETF (ACWX) on Feb. 4, 2026, raising the fund to 5.65% of its reportable assets. The ETF posted a 1‑year total return of 35.4%, outpacing the S&P 500 by over 20 percentage points, and offers a 2.7% dividend yield. ACWX tracks more than 1,700 large‑ and mid‑cap stocks across developed and emerging markets, providing broad non‑U.S. equity exposure. The move reflects Financial Council’s strategic tilt toward international diversification amid perceived U.S. valuation concerns.