CVIE’s largest country exposure is Japan and the fund also includes a significant combined allocation to various Eurozone economies – both of which are meaningful traits ahead of 2024. “When the hawks turn dovish, and as inflation falls to within touching distance, it is reasonable to assume that the ECB will start to cut rates,” noted deVere Group CEO Nigel Green. On average, its profitability has been consistently higher than the MSCI ACWI ex USA Value Index, and it has tended to incur less of the market’s risk,” notes Morningstar analyst Daniel Sotiroff.