A $40 billion CIO pinpoints a lesser-known ETF that he says offers a critical edge over the broader market
Spencer Platt/Getty Images Will McGough says S&P Global 100 Index offers optimal exposure across regions and factors. The index offers exposure to US tech titans and international AI plays. One fund that tracks the index is the iShares Global 100 ETF. The S&P 500 has long been the go-to for investors to buy broad market exposure to large-cap US stocks, but one chief investment officer overseeing $40 billion argues the benchmark index might be a bit out of date. That's because the S&P 500 only offers exposure to US stocks, while leaving investors without a way to partake in the upside of some top international companies, some of which are at the forefront of the AI trade , said Will McGough, CIO at Prime Capital Financial. A better catch-all index to invest in, he said, would be the S&P Global 100, which tracks a selection of around 100 top stocks in the world by market cap. A popular fund that tracks the index is the iShares Global 100 ETF ( IOO ). The fund has abo...
