ETFs internacionales: global, ex-EE. UU., desarrollados, emergentes
El vocabulario geográfico — y por qué "global" e "internacional" no son sinónimos.
The labels have specific meanings. Global (or 'world') funds can include U.S. stocks — often 60%+ of the weight. International (or 'ex-US') funds exclude the U.S. entirely. Developed-markets funds hold rich, liquid markets (Japan, UK, Europe, Australia); emerging-markets funds hold faster-growing but riskier markets (China, India, Taiwan, Brazil); frontier funds go a step further out.
Classification differs by index provider — South Korea is developed to FTSE but emerging to MSCI — so two 'emerging markets' funds can differ meaningfully. This site classifies funds from their actual reported country weights and shows the weights on each fund page.
Currency is the second dimension: an unhedged international fund's return = local market return + currency moves; hedged share classes strip the currency effect for a small cost. Both choices are legitimate — they are just different exposures.