iShares Core MSCI International Developed Markets ETF (ARCA: IDEV)

Latest news for iShares Core MSCI International Developed Markets ETF (ARCA:IDEV)

iShares Core MSCI International Developed Markets ETF

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The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is free float adjusted, market cap weighted, and is designed to measure large-, mid- and small-capitalization equity market performance and includes stocks from North America, Europe, Australasia and the Far East.

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Why ETFs Are Thriving In 2017

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Global

A Developed Markets Idea For Frugal Investors

Eco Wave Power Global AB (publ) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVE#NASDAQ">WAVE</a>) ("Eco Wave Power" or the "Company"), a leader in onshore wave energy technology, today announced that it signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) during India Energy Week 2025 on February 13, 2025. This agreement marks a pivotal step in introducing wave energy as a key component of India's renewable energy strategy.
The agreement was signed by Mr. Chandrasekhar N, Head of Research and Development, BPCL and Ms. Inna Braverman, Founder and CEO, Eco Wave Power in the presence of Honorable Minister Hardeep Singh Puri, Minister of Petroleum and Natural Gas of the Government of India and the Chairman and Managing Director of BPCL, Mr. G. Krishnakumar.
The collaboration aligns with India's Ministry of New and Renewable Energy's (MNRE) recognition of ocean energy as a promising renewable resource, with an estimated 40,000 MW of untapped potential along the country's coastline.
BPCL, a government-owned Fortune 500 oil and gas giant with a market capitalization of approximately $12 billion, has identified Eco Wave Power as a strategic partner following an extensive evaluation of wave energy technologies. The collaboration aligns with India's Ministry of New and Renewable Energy's (MNRE) recognition of ocean energy as a promising renewable resource, with an estimated 40,000 MW of untapped potential along the country's coastline.
As part of BPCL's commitment to achieving Net Zero emissions by 2040, the company is expanding its renewable energy initiatives. Under this MoU, Eco Wave Power and BPCL will jointly develop wave energy projects across India, beginning with a feasibility study. The first phase will include the deployment of a 100 kW pilot project at BPCL's Mumbai Oil Terminals, with plans for larger commercial-scale installations across the country.
BPCL will oversee regulatory approvals, permits, and land use consents, while Eco Wave Power will provide its patented wave energy conversion technology, conduct research, and optimize power generation efficiency.
This partnership provides Eco Wave Power with a direct entry point into one of the world's fastest-growing renewable energy markets, leveraging BPCL's vast infrastructure and financial strength. India's commitment to increasing its renewable energy capacity, combined with BPCL's strategic vision, presents a significant commercial opportunity for Eco Wave Power's scalable and cost-effective technology.

INDA

WAVE

Eco Wave Power Signs MoU With BPCL To Develop Wave Energy In India; Partnership Includes 100 kW Pilot Project At Mumbai Oil Terminals And Potential For 40,000 MW Along Coast; BPCL Supports Regulatory And Land Use; Eco Wave Power Provides Technology

UBS analyst Trung Huynh initiates coverage on Celldex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLDX#NASDAQ">CLDX</a>) with a Buy rating and announces Price Target of $44.

Price Target

Initiation

Analyst Ratings

CLDX

UBS Initiates Coverage On Celldex Therapeutics with Buy Rating, Announces Price Target of $44

FOSL

Fossil Group And Michael Kors Continue Partnership To Create Watches And Jewelry

Truist Securities analyst Jake Bartlett maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Buy and lowers the price target from $85 to $83.

Truist Securities Maintains Buy on Restaurant Brands Intl, Lowers Price Target to $83

Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares are trading lower Thursday on the heels of the company&#8217;s fourth-quarter financial results. The stock is off the lows of the session after multiple analysts raised price targets <a href="https://www.benzinga.com/pressreleases/25/02/b43674846/reddit-announces-fourth-quarter-and-full-year-2024-results">following the print</a>.
<ul>
<li>Q4 Revenue: $427.71 million, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $405.26 million</li>
</ul>
<ul>
<li>Q4 EPS: 36 cents, versus estimates of 25 cents</li>
</ul>
Total revenue was up 71% on a year-over-year basis. Daily active unique users (DAUq) increased 39% year-over-year to 101.7 million. U.S. daily actives declined on a quarter-over-quarter basis from 48.2 million to 48 million. Weekly actives users totaled nearly 380 million in the quarter.&nbsp;
The daily actives number appears to be weighing on shares. In a letter to shareholders, Reddit said it experienced &#8220;some volatility with Google Search triggered by a periodic algorithm change.&#8221; The company noted that traffic from search has regained momentum in the first quarter.&nbsp;
&#8220;What happened wasn't unusual—referrals from search fluctuate from time to time, and they primarily affect logged-out users. Our teams have navigated numerous algorithm updates and did an excellent job adapting to these latest changes effectively,&#8221; the company said.&nbsp;
Reddit generated an operating cash flow of $90 million and free cash flow of $89.2 million in the quarter. The company ended the quarter with cash and cash equivalents of $1.84 billion.
&#8220;It was another strong quarter as we accomplished exciting milestones across revenue and international growth,&#8221; said Steve Huffman, co-founder and CEO of Reddit.&nbsp;
&#8220;However, what&#8217;s most exciting is still ahead. We&#8217;re focused on providing a best-in-class experience for finding community and trusted information, proving that Reddit is for everyone, everywhere.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/25/02/43691778/how-to-earn-500-a-month-from-applied-materials-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Applied Materials Stock Ahead Of Q4 Earnings</a>
Reddit expects first-quarter revenue to be in the range of $360 million to $370 million versus estimates of $358.08 million. The company sees first-quarter adjusted EBITDA of $80 million to $90 million.
Analyst Changes:
<ul>
<li>Morgan Stanley analyst Brian Nowak maintained Reddit with an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight</a> and raised the price target from&nbsp;$200&nbsp;to&nbsp;$210.</li>
</ul>
<ul>
<li>Baird analyst Colin Sebastian maintained Reddit with a Neutral and raised the price target from&nbsp;$160&nbsp;to&nbsp;$185.</li>
</ul>
<ul>
<li>Needham maintained a Buy rating on Reddit and raised the price target to&nbsp;$220</li>
</ul>
<ul>
<li>BofA Securities analyst Justin Post maintained Reddit with a Neutral rating and raised the price target from&nbsp;$180&nbsp;to&nbsp;$190.</li>
</ul>
RDDT Price Action: <a href="http://benzinga.com/quote/rddt" target="_blank" rel="noreferrer noopener">Reddit shares</a> were down 6.80% at $201.60 at the time of publication Thursday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

Movers

RDDT

Reddit Stock Is Trading Lower Thursday: What's Going On?

Martin Marietta Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) reported downbeat fourth-quarter revenue and issued FY25 revenue guidance below <a href="https://www.benzinga.com/quote/mlm/earnings">estimates on Wednesday.</a>
Martin Marietta Materials reported quarterly earnings of $4.79 per share which beat the analyst consensus estimate of $4.59 per share. The company reported quarterly sales of $1.63 billion which missed the analyst consensus estimate of $1.65 billion.
"In 2024, we faced several challenging dynamics beyond our control, including inclement weather, softening construction demand in both nonresidential and residential sectors, and tighter-than-expected monetary policy," Martin Marietta CEO Ward Nye said.
For 2025, Martin Marietta Materials said it sees revenues of $6.830 billion-$7.230 billion vs. (consensus of $7.23 billion). It expects adjusted EBITDA of $2.150 billion-$2.350 billion.
Martin Marietta Materials shares fell 2.2% to close at $517.14 on Wednesday.
These analysts made changes to their price targets on Martin Marietta Materials following earnings announcement.
<ul>
<li>Barclays analyst Adam Seiden maintained Martin Marietta Materials with an Overweight and lowered the price target from $645 to $600.</li>
<li>Truist Securities analyst Keith Hughes maintained the stock with a Buy and slashed the price target from $670 to $610. </li>
</ul>
Considering buying MLM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="608" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13091600/image-123-1024x608.png" alt="" class="wp-image-781170" style="width:601px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13091600/image-123-1024x608.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13091600/image-123-300x178.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13091600/image-123-768x456.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13091600/image-123.png 1105w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43655479/top-3-utilities-stocks-that-may-collapse-in-q1">Top 3 Utilities Stocks That May Collapse In Q1</a></li>
</ul>

Martin Marietta Materials Analysts Slash Their Forecasts After Q4 Results

Truist Securities analyst Joel Fishbein maintains Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) with a Hold and lowers the price target from $38 to $35.

Truist Securities Maintains Hold on Rapid7, Lowers Price Target to $35

<ul>
<li>RDDT</li>
<li>TSLA</li>
<li>BABA</li>
<li>HOOD</li>
<li>NVDA</li>
<li>INTC</li>
<li>GOOGL</li>
<li>PLTR</li>
<li>BBAI</li>
<li>SMCI</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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BABA

BBAI

GOOGL

HOOD

INTC

NVDA

PLTR

SMCI

TSLA

Top 10 Trending Stocks On WallStreetBets As Of February 13, 2025 (Via Swaggy Stocks)

OneConnect Financial Technology Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) shares are trading higher premarket on Thursday after the company launched its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43687266/oneconnect-integrates-deepseek-into-ai-agent-platform" rel="noreferrer noopener">proprietary AI Agent Platform</a>.
The platform integrates advanced open-source large language models, including DeepSeek and Qwen, to deliver an AI-driven solution tailored for the banking industry.
OneConnect has adopted a dual-engine approach, combining an &#8220;Open-Source Large Language Model + AI Agent Platform&#8221; to harness the versatility of open-source models while refining them for the specific needs of the banking sector.
This strategy enhances the platform's adaptability, enabling sophisticated semantic understanding, logical reasoning, and multi-turn interactions in real-world banking applications.
The company also utilizes model compression and knowledge distillation techniques to lower computational costs, delivering more efficient and cost-effective AI solutions for banks.
This initiative aims to accelerate digital transformation, enhancing operational efficiency and customer experience through advanced AI capabilities.
Price Action: OCFT shares are up 14.6% at $3.76 premarket at the last check
Read Next:
<ul>
<li><a href="https://www.benzinga.com/startups/25/02/43599833/data-on-deepseek-may-be-somehow-weaponized-against-the-united-states-suze-orman-says-the-ai-app-faces-similar-fate-as-tiktok" target="_blank" rel="noreferrer noopener">Data On DeepSeek May &#8216;Be Somehow Weaponized Against The United States&#8217; &#8211; Suze Orman Says The AI App Faces Similar Fate As TikTok</a></li>
</ul>
Image: Shutterstock

Equities

Small Cap

OCFT

OneConnect Unveils AI Agent Platform, Boosting Banking Efficiency and Innovation

ViiV Healthcare, the global specialist HIV company majority owned by GlaxoSmithKline plc (GSK), with Pfizer Inc. and Shionogi as shareholders, is pleased to announce it has successfully completed negotiations with the pan-Canadian Pharmaceutical Alliance (pCPA) for&nbsp;APRETUDE (cabotegravir tablets and extended release injectable suspension) for pre-exposure prophylaxis (PrEP) to reduce the risk of sexually acquired HIV-1 infection in at-risk individuals who are HIV-1 negative.1
ViiV Healthcare is committed to ensuring timely public access for APRETUDE to help reduce the risk of sexually acquired HIV-1 infection and make progress towards global targets of ending HIV by 2030, which Canada endorsed.2,3&nbsp;ViiV Healthcare recognizes the pCPA's efforts and shared commitment to achieving this goal. This milestone underscores the need to expedite public reimbursement and as such, ViiV Healthcare looks forward to working with provincial and territorial governments and other stakeholders to make APRETUDE available through public drug plans.
APRETUDE is the first and only long-acting injectable approved in Canada and is indicated for at-risk adults and adolescents aged 12 years and older and weighing at least 35 kg for PrEP to reduce the risk of sexually acquired HIV-1 infection. APRETUDE for PrEP has demonstrated superior efficacy to daily oral emtricitabine/tenofovir disoproxil fumarate (FTC/TDF tablets) in reducing the risk of HIV acquisition in two clinical trials, giving Canadians more options for PrEP.1&nbsp;

Biotech

General

ViiV Healthcare And The Pan-Canadian Pharmaceutical Alliance Finalize Negotiations For APRETUDE For HIV-1 Pre-Exposure Prophylaxis

Tech

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

MicroCloud Hologram Highlights Use Of DeepSeek Model Related To Digital Simulated Quantum Computing

Truist Securities analyst Terry Tillman reiterates Q2 Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QTWO#NYSE">QTWO</a>) with a Buy and raises the price target from $100 to $110.

Reiteration

QTWO

Truist Securities Reiterates Buy on Q2 Holdings, Raises Price Target to $110

Truist Securities analyst Keith Hughes maintains Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) with a Buy and lowers the price target from $670 to $610.

Truist Securities Maintains Buy on Martin Marietta Materials, Lowers Price Target to $610

WIIM

DGLY

Digital Ally shares are trading lower after the company priced a $15 million underwritten public offering.

HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) reported stronger-than-expected results for its fourth <a href="https://www.benzinga.com/quote/HUBS/earnings">quarter on Wednesday</a>.
HubSpot reported quarterly earnings of $2.32 per share, beating the $2.19 analysts consensus estimate. Quarterly revenue came in at $703.17 million, beating the $673.32 million consensus estimate.
"We had a solid finish to 2024, highlighting our leadership as a platform company", said Yamini Rangan, CEO of HubSpot. "2024 was a transformative year for HubSpot as we reimagined our product, our platform, and company with AI. I'm excited by the progress we've made in embedding AI across our hubs and the value it's driving for customers."
The company said it sees first-quarter revenue of between $697 million and $699 million, versus the $705.71 million estimate, and EPS of between $1.74 and $1.76, versus the $2.00 estimate
HubSpot shares gained 0.1% to close at $785.50 on Wednesday.
These analysts made changes to their price targets on HubSpot following earnings announcement.
<ul>
<li>Oppenheimer analyst Ken Wong maintained HubSpot with an Outperform and raised the price target from $850 to $900.</li>
<li>Piper Sandler analyst Brent Bracelin maintained HubSpot with a Neutral and raised the price target from $640 to $808.</li>
<li>Canaccord Genuity analyst David Hynes maintained the stock with a Buy and raised the price target from $710 to $900.</li>
<li>Morgan Stanley analyst Keith Weiss maintained HubSpot with an Overweight and boosted the price target from $835 to $898.</li>
<li>Barclays analyst Ryan Macwilliams maintained the stock with an Equal-Weight and raised the price target from $725 to $815.</li>
<li>Needham analyst Joshua Reilly maintained HubSpot with a Buy and raised the price target from $730 to $900.</li>
<li>Truist Securities analyst Terry Tillman reiterated the stock with a Buy and raised the price target from $750 to $900.</li>
</ul>
Considering buying HUBS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13090907/image-122-1024x576.png" alt="" class="wp-image-781145" style="width:553px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13090907/image-122-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13090907/image-122-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13090907/image-122-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13090907/image-122.png 1115w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

HUBS

These Analysts Increase Their Forecasts On HubSpot Following Better-Than-Expected Earnings

Following Governor Youngkin's November announcement, Early Adopter Program Launches in Virginia, Highly Anticipated Defense Tech Drones, Body Cameras, AI Integration and International Expansion to Follow
This news follows: Wrap Technologies Launches Go-Forward Strategy, Advancing End-to-End Public Safety and Defense Solutions with New Virginia Facility
NORTON, Va., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) ("Wrap" or, the "Company") today announced the launch of its highly anticipated Managed Safety and Response (MSR) Connected Ecosystem in Virginia, with the aim of delivering a modern approach for law enforcement training, defensive tactics and real-time safety solutions. With past vocal support of Governor Glenn Youngkin and Virginia's public safety institutions, Wrap hopes to establish the Commonwealth as a leader in next-generation policing solutions.
As early adopters, Virginia agencies will be the first to benefit from Wrap's integrated approach, which combines enhanced training, automated support systems and a scalable ecosystem designed to seamlessly integrate follow-on technologies.
The Company is evolving to meet agency demand for integrated service delivery of disparate support technologies and embedded recurring training. This approach will see Wrap invest in a core group of world-class professional services leaders and then digitize value delivery through AI-powered workflows, ensuring exemplary customer satisfaction in its MSR service.

WRAP

Wrap Technologies Announces Launch Of Early Adopter Program In Virginia For Managed Safety Ecosystem; Focus On Drones, AI, Body Cameras; Plans International Expansion

<ul>
<li>Partnership Will Pave the Way for a Cost-Effective Path to Decarbonization Using Natural Gas and Sequestration</li>
<li>Offers Scalable, Near-Zero Approach That Uses Existing Fuel Infrastructure to Meet Today's Urgent Energy Needs</li>
</ul>
Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>), a global leader in fuel cell electricity generation, and Chart Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) ("Chart"), a global leader in energy and industrial gas solutions, announced today a carbon capture partnership that will use natural gas and fuel cells to generate near zero-carbon, always-on power. In announcing this partnership, the companies aim to offer a solution to customers, like data centers and manufacturers, who are seeking power solutions that can be deployed rapidly without compromising reliability or emission goals.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20250213775837/en/">https://www.businesswire.com/news/home/20250213775837/en/</a>
As part of the partnership, Chart will use its carbon capture know how to process Bloom's high-purity carbon dioxide (CO2) exhaust stream into outputs that are ready for utilization or sequestration. The CO2 utilization market serves as an important near-term term bridge to carbon sequestration in locations, where sequestration infrastructure is not available or permitted. According to Morgan Stanley, more than 500 million tonnes per annum (MTPA) of carbon storage capacity is expected to come online within the next five years. As sequestration capabilities grow in the U.S. and globally, CO2 utilization provides an immediate pathway to repurpose captured carbon while supporting long-term decarbonization efforts.
Efficient carbon capture depends on the purity of CO₂ in the exhaust stream, which varies widely across power generation technologies. Conventional technologies that generate electricity from natural gas through combustion—such as gas turbines and reciprocating engines—produce exhaust streams with approximately 5% CO₂. Capturing such low-concentration emissions remains technically complex and costly. In contrast, Bloom's proprietary high-temperature fuel cell technology converts natural gas without combustion, yielding a CO₂-rich stream that has 15 times lower mass flow and ten times the CO2 concentration, making the capture process more efficient and less costly.

GTLS

Bloom Energy And Chart Industries Announce Carbon Capture Partnership; Partnership Will Pave The Way For A Cost-Effective Path To Decarbonization Using Natural Gas And Sequestration

Buybacks

TSCO

Tractor Supply Increases Buyback By $1B

<a href="https://www.theinformation.com/briefings/apple-continues-to-work-with-baidu-on-ai-features-for-iphone-in-china" title="https://www.theinformation.com/briefings/apple-continues-to-work-with-baidu-on-ai-features-for-iphone-in-china">https://www.theinformation.com/briefings/apple-continues-to-work-with-baidu-on-ai-features-for-iphone-in-china</a>

AAPL

BIDU

The Information, Earlier: 'Apple Continues to Work with Baidu on AI Features for iPhone in China'

Dividends

Tractor Supply Increases Annual Dividend From $0.88 To $0.92

Some new exchange-traded funds are well-timed. Others, not so much. To be fair, good timing with new ETFs is often a matter of coincidence, but as the old saying goes, &ldquo;it&#39;s better to be lucky than good.&rdquo;
In fairness to the iShares Core MSCI International Developed Markets ETF (NYSE:<a class="ticker" href="/stock/IDEV#NYSE">IDEV</a>), the fund has been lucky and good. The luck comes into play when looking at IDEV&#39;s debut date. It launched in March 2017, at a time when investors were flocking to ex-U.S. developed markets ETFs in search of better valuations than <a href="https://www.benzinga.com/trading-ideas/long-ideas/18/04/11519459/finding-value-and-dividends-in-emerging-markets">U.S. stocks were offering</a>.
There&#39;s more to the IDEV story than just mere luck.
<h3>
	What To Know</h3>
IDEV can be labeled a &ldquo;good&rdquo; ETF. It has returned 17.18 percent since inception and is flirting with $919 million in assets under management, a tidy sum for an ETF that&#39;s just 13 months old.
IDEV &ldquo;covers the entire market-cap spectrum of stocks listed in foreign developed markets, making it one of the most diversified portfolios in the foreign large-blend category,&rdquo; said Morningstar <a href="http://www.morningstar.com/videos/859409/a-diversified-foreign-largeblend-etf-with-low-fees.html">in a recent note</a>. &ldquo;Stocks listed in foreign developed markets account for roughly 85 percent of the foreign investable market cap, so this fund could easily be used as a core portfolio holding.&rdquo;
The fund holds nearly 1,270 stocks from more than 15 countries, providing investors with broad-based exposure to developed markets outside the U.S.
<h3>
	Why It&#39;s Important </h3>
&ldquo;The combination of extensive coverage and an ultralow expense ratio should make this fund competitive with other comprehensive, foreign developed-market funds like Vanguard FTSE Developed Markets ETF (NYSE:<a class="ticker" href="/stock/VEA#NYSE">VEA</a>) and the iShares Core MSCI EAFE ETF (NYSE:<a class="ticker" href="/stock/EFA#NYSE">EFA</a>), which currently both carry Analyst Ratings of Silver,&rdquo; said Vanguard.
IDEV charges just 0.07 percent per year, or $7 on a $10,000 stake, making it one of the least expensive international equity ETFs on the market.
<h3>
	What&#39;s Next </h3>
IDEV is up about 1 percent this year. Investors looking for catalysts for the fund should examine stocks in Japan and the U.K. as those countries combine for over 39 percent of IDEV&#39;s weight. The ETF&#39;s price-to-earnings ratio of 15.30 implies a significant discount to the S&amp;P 500.
Disclosure: The author owns shares of VEA.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/04/11539703/an-ideal-etf-for-dividend-growth">An ETF Growing Payouts</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/04/11531967/a-third-electric-vehicle-etf-charges-up">Another EV ETF</a>

The ETF industry has seen explosive growth in terms of both assets under management and launches thanks to unique strategies, novel concepts, transparency, diversification benefits, enhanced tax competence, less turnover and low cost. In fact, the industry has gathered more than <a href="https://seekingalpha.com/article/4130876-global-etfs-etps-gathered-600-billion-us-dollars-net-new-assets-first-11-months-2017">$600 billion</a> in new assets in the first 11 months of 2017. This is up 53.6% from net inflows for the whole of 2016 and almost double the inflows of $326 billion seen during the 11 months of last year (read: <a href="https://www.zacks.com/stock/news/285564/first-artificial-intelligence-etf-soars-in-popularity">First Artificial Intelligence ETF Soars in Popularity</a>). 
	 
	With this, assets under management in global ETFs rose to a new record $4.7 trillion at the end of November from $3.6 trillion at the end of last year. About 71% <a href="https://seekingalpha.com/article/4130888-us-etfs-etps-gathered-424b-net-new-assets-first-11-months-2017">($424 billion</a>) of total inflows came from equity ETFs. Coming to issuers, BlackRock and Vanguard are dominating the industry this year, having gathered $239 billion and $137.1 billion in AUM, respectively. 
	 
	Inside The Boom 
	 
	The growth was mainly driven by an astounding rally in the stock market since Trump&#39;s victory last year that has raised the appeal for plain vanilla and passive investing. Additionally, low cost has been the biggest crowd puller to the ETF world (read: <a href="https://www.zacks.com/stock/news/282235/best-sector-etfs-amp-stocks-from-trumps-firstyear-win">Best Sector ETFs &amp; Stocks from Trump&#39;s First-Year Win</a>). 
	 
	This is especially true as the top three asset gatherers of 2017 are plain-vanilla ETFs with lower expense ratios, per<a href="http://www.etf.com/etfanalytics/etf-fund-flows-tool"> etf.com</a>. iShares Core S&amp;P 500 ETF IVV accumulated nearly $31.7 billion in its assets base, followed by $20.1 billion for iShares Core MSCI EAFE ETF (IEFA) and $16.3 billion for Vanguard FTSE Developed Markets ETF VEA. These have expense ratios of 0.04%, 0.08% and 0.07%, respectively. IVV has gained 21% while IEFA and VEA have returned little higher at around 25% this year. 
	 
	Additionally, the rise in &quot;thematic investing&quot; and the craze for &quot;smart beta&quot; are leading to staggering growth. This is because many investors are interested in highly specialized theme or niche investing, focusing on a narrow corner of the market rather than broad sectors. On the other hand, the smart beta strategy helps to capture market inefficiencies in a transparent way by adding extra metrics like dividends, volatility, revenue, earnings, momentum, equal weight and other fundamental factors to the market cap or rules-based indices. 
	 
	In fact, the top-performing ETFs &mdash; ARK Innovation ETF ARKK, WisdomTree China ex-State-Owned Enterprises Fund CXSE, Emerging Markets Internet &amp; eCommerce ETF EMQQ, VanEck Vectors India Small-Cap Index ETF SCIF, and PureFunds Video Game Tech ETF GAMR &mdash; belong to these categories. These funds have gained at least 60% in the year-to-date time frame (read: <a href="https://www.zacks.com/stock/news/285429/4-smart-beta-etfs-for-long-term-investors">4 Smart Beta ETFs for Long Term Investors</a>). 
	 
	Apart from these, an increased number of launches is adding to investor&#39; enthusiasm. After 246 launches in 2016, the industry has seen 256 launches so far this year. Of these, a few ETFs have been able to garner more than $500 million in AUM. iShares Core MSCI International Developed Markets ETF IDEV is the most successful new ETF pulling in $882 million in new assets since its debut on Mar 21. This was followed by inflows of $638.1 for Principal U.S. Mega-Cap Multi-Factor Index ETF USMC and $569.8 million for Principal Active Global Dividend Income ETF GDVD. The former was launched on Oct 11 while the latter debuted on May 9. 
	 
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Investors are loving international equity exchange-traded funds this year. That well-documented theme is confirmed by the fact that five of the top 10 asset-gathering ETFs on a year-to-date basis track stocks from outside the U.S.
Moreover, nearly all of those five ETFs can be considered inexpensive, which is to say that while investors are flocking to ex-US equities, they are doing so with costs on their minds. It can also be said that 2017 is proving to be fertile ground for ETF issuers to test the marketplace with new, low-cost, ex-U.S. fare.
That includes the iShares Core MSCI International Developed Markets ETF (NYSE:<a class="ticker" href="/stock/IDEV#NYSE">IDEV</a>), which debuted in March. While IDEV is not yet five months old, making the fact that it hit a record high Tuesday less notable than with a seasoned ETF, it is worth noting that IDEV is off to a fast start.
<h3>Attracting Fans</h3>
IDEV is already gathering a following among investors. The ETF has accumulated nearly $66 million in assets under management since its March 21 debut. IDEV tracks the MSCI WORLD ex USA IMI Index, meaning the ETF is an alternative to funds that follow the widely followed MSCI EAFE Index.
The big difference between IDEV and funds tracking the MSCI EAFE Index is that that developed markets benchmark index does not hold Canadian stocks where as IDEV allocates 8.7 percent of its weight to Canada. That makes Canada the ETF&#39;s fourth-largest country weight and means IDEV is more comparable to an ETF like the Vanguard FTSE Developed Markets ETF (NYSE:<a class="ticker" href="/stock/VEA#NYSE">VEA</a>), which also features Canadian stocks.
IDEV&#39;s top three country weights are Japan, the U.K. and France. That trio combines for about 47 percent of the ETF&#39;s weight.
<h3>Already Impressing</h3>
IDEV is up 9.3 percent since coming to market, underscoring the point that 2017 is proving kind to international developed markets ETFs. Over the long-term, investors will benefit from IDEV&#39;s low fee. The ETF charges 0.07 percent annually, or $7 on a $10,000 stake, making it one of the most cost-effective international ETFs on the market.
The ETF allocates 22.1 percent of its weight to financial services stocks and a combined 26.3 percent to industrial and consumer discretionary names. Overall, IDEV holds 1,200 stocks.
Related Links:
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The iShares lineup of core exchange-traded funds, which are aimed at cost-conscious, long-term investors, grew by one earlier this week with the debut of the iShares Core MSCI International Developed Markets ETF (NYSE:<a class="ticker" href="/stock/IDEV#NYSE">IDEV</a>).
IDEV tracks the MSCI WORLD ex USA IMI Index. The new ETF is off to a fast start. <a href="https://www.ishares.com/us/products/286762/IDEV?referrer=tickerSearch">IDEV&#39;s homepage</a> shows an inception date of March 21 and over $30.2 million in assets under management, which would easily make IDEV one of the most successful ETFs to debut to this point in 2017.
There is already an ex-U.S. developed markets solution in the iShares core suite. The iShares Core MSCI EAFE ETF (NYSE:<a class="ticker" href="/stock/IEFA#NYSE">IEFA</a>), which debuted in October 2012, now has over $20.4 billion in assets under management. IEFA is intended to be cost-effective way for investors to gain exposure to the widely followed MSCI EAFE Index.
<h3>The New Ex-U.S. Developed Markets ETF</h3>
The important difference between IEFA and IDEV is that the new ETF features exposure to Canadian stocks while IEFA does not.
&ldquo;International markets have the potential to provide growth and diversification in different economic cycles. Investors looking for a more complete international exposure may consider IDEV given it includes Canada, a large developed equity market representing around 9 percent of the total market outside the U.S.,&rdquo; said iShares Head of Investment Strategy Heidi Richardson in a statement. &ldquo;Canadian equity markets have sector weightings towards financials and commodities, which may also appeal.&rdquo;
Canada accounts for 9 percent of IDEV&#39;s geographic weight, making it the new ETF&#39;s third-largest country weight behind Japan and the U.K. Those three countries combine for almost half of the new ETF&#39;s lineup.
IDEV holds nearly 1,200 stocks. Financial services is the largest sector weight at almost 22 percent. Industrial, consumer discretionary and consumer staples names combine for about 37 percent of the fund&#39;s weight.
IDEV&#39;s annual expense ratio is a scant 0.07 percent, making it one of the least expensive ex-U.S. ETFs on the market today.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/03/9205273/hartford-expands-etf-lineup-with-2-new-bond-funds">Hartford Expands ETF Lineup With 2 New Bond Funds</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/03/9186976/the-customer-is-always-right-this-etf-is-tailored-to-customer">The Customer Is Always Right: This ETF Is Tailored To Customer Satisfaction</a>

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