INTL rose 0.3% during a week when BMO's ETF strategy team noted several market developments. US Q4 GDP came in at 1.4% versus expectations of 3.0%, with the shortfall attributed to government shutdown effects. Core PCE inflation remained elevated at 3.0% year-over-year, while the PCE deflator ran at 2.9% year-over-year, a rate not seen since March 2024. The US savings rate continued to decline. The Supreme Court ruled against the use of IEEPA for tariff implementation, though the decision did not eliminate other statutory authorities for tariffs. BMO's positioning strategy indicated a preference for long international equities alongside defensive US positioning and broad commodities exposure. The source material does not explicitly attribute INTL's specific 0.3% movement to any single factor.
Read full analysisINTL rose 0.3% during a week when BMO's ETF strategy team noted several market developments. US Q4 GDP came in at 1.4% versus expectations of 3.0%, with the shortfall attributed to government shutdown effects. Core PCE inflation remained elevated at 3.0% year-over-year, while the PCE deflator ran at 2.9% year-over-year, a rate not seen since March 2024. The US savings rate continued to decline. The Supreme Court ruled against the use of IEEPA for tariff implementation, though the decision did not eliminate other statutory authorities for tariffs. BMO's positioning strategy indicated a preference for long international equities alongside defensive US positioning and broad commodities exposure. The source material does not explicitly attribute INTL's specific 0.3% movement to any single factor.
INTL is an international equity ETF providing broad exposure to non-U.S. stock markets, serving as a diversification tool for investors seeking geographic allocation beyond domestic equities. It has traded in a directionless, low-volume pattern for several weeks with no fundamental catalyst emerging. Strategists at BMO recently reiterated a preference for international equities as part of a defensive positioning framework, though this thematic backdrop has not translated into sustained directional momentum for the fund.