SPDR Portfolio MSCI Global Stock Market ETF

SPGM

Market cap $1.38B

SPGM charges a slightly higher expense ratio than VT but offers a meaningfully higher dividend yield. Both ETFs delivered similar one-year returns, and their five-year growth for a $1,000 investment was $1,665 for VT and $1,715 for SPGM.

SPDR Portfolio MSCI Global Stock Market ETF offers broader diversification and a longer track record than SPDR MSCI ACWI Climate Paris Aligned ETF. NZAC applies an ESG screen with a climate focus, while SPGM is a plain-vanilla global tracker.

SPDR Portfolio MSCI Global Stock Market ETF offers broader diversification and a larger asset base than SPDR MSCI ACWI Climate Paris Aligned ETF SPDR Portfolio MSCI Global Stock Market ETF delivers a higher one-year total return and a slightly better yield SPDR MSCI ACWI Climate Paris Aligned ETF applies an ESG screen, while SPDR Portfolio MSCI Global Stock Market ETF does not

SPDR Portfolio MSCI Global Stock Market ETF invests in 2,700 global equities, with a 0.09% expense ratio. SPGM's high U.S. stock concentration, especially in technology, benefits from competitive international positions and technological mega-trends like AI and cloud computing. Favorable macroeconomic conditions, including receding inflation and global monetary easing, should boost SPGM's earnings growth to 13.3% in 2025.

SPDR® Portfolio MSCI Global Stock Market ETF provides easy access to diversified global equity markets for individual investors. The SPGM fund tracks the MSCI ACWI IMI Index, offering exposure to developed and emerging markets with a low expense ratio of 0.09%. SPGM is heavily weighted towards US equities, but provides geographical diversification and sector balance, making it a good core fund for international exposure.

The French election: I discuss the investment implications of three possible scenarios: a far-right majority, a far-left majority, and a temporary administrative solution. We received two important data points that could bring us closer to the long-awaited start of Federal Reserve rate cuts.