

The iShares MSCI Finland ETF (EFNL) which offers exposure to stocks from the happiest economy in the world doesn't have the most exemplary risk-adjusted return track record. EFNL's wide spreads are a concern, but is mitigated to some extent by a solid enough yield of over 4.5%. After prolonged challenges, particularly on the GDP front, the Finnish economy is taking baby steps to make up for lost ground.

US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage points less at +44.5%. Looking at the international dividend ETF over a longer time frame, over the last five years, it's up 20.6% in price and more than double that on a total return basis.

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