iShares MSCI EAFE ETFEFA

iShares MSCI EAFE ETF (EFA) tracks large- and mid-cap stocks across developed markets outside the US and Canada — Europe, Australasia and the Far East. It gives investors diversified non-US developed-market exposure in a single fund, with heavy weightings in Japan, the UK, France, Switzerland and Germany. EFA is often used to balance a US-heavy portfolio. Currency moves (particularly the euro, yen and pound versus the dollar) add an extra layer of return — and risk — on top of the underlying equities.