Europe, Australasia, Far East - EAFE
Categories: Index Funds, International
A fun, extremely extensive (and very expensive) cruise package. Also, it represents a mega-region in investment circles. It includes the major, developed economic markets outside of North America.
The EAFE collection forms the basis of the MSCI EAFE index, which tracks the performance of nearly 1,000 companies from major international markets.
The index mostly focuses on Europe, which makes up 15 of the 21 countries covered by the MSCI EAFE index. This list includes regional powerhouses Germany, France, and the U.K. Meanwhile, the "Australasia" park consists of Australia, Hong Kong, Japan, New Zealand, and Singapore.
The "Far East" component is mostly hype or a placeholder, consisting of just one totally-tech-driven country: Israel.