SPDR® MSCI ACWI ex-US ETF (NYSE:CWI) is an exchange-traded fund that aims to offer investment results that correspond, before fees and expenses, to the performance of the MSCI ACWI ex USA Index. This index captures large and mid-cap representation across 22 of 23 developed markets countries (excluding the United States) and 26 emerging markets countries. The ETF provides a convenient way for investors to access a diversified portfolio of international stocks, seeking to benefit from growth outside of the U.S. It works by pooling investors' money to purchase a wide range of securities, aiming to mirror the performance of the MSCI ACWI ex USA Index. The goal of CWI is to provide a cost-effective investment option for those looking to diversify globally, capitalizing on potential opportunities in both developed and emerging markets around the world.