INTL: This Ex-U.S. Tactical Equity ETF Still Has To Prove Itself

The Main International ETF (INFL) is an actively managed fund of funds launched on 12/2/2022. It seeks to outperform the MSCI All Country World ex-USA Index over a market cycle with below-benchmark expenses. INFL has underperformed both its benchmark, ACWX, and close competitor CORO, despite a value tilt and attractive yield. Given INFL's high fees, limited liquidity, uncompelling performance, and unclear strategy, investors seeking international exposure may prefer a proven fundamental ETF, for example, DFIV.