International equities have outperformed their U.S. counterparts by more than 4%, but investors should choose carefully, said Jared Woodard, investment and ETF strategist at Bank of America, in a note to clients on Monday.
"International dividends ( GCOW ), emerging markets ex-China ( EMXC ), and Canada ( FLCA ) should comprise long term international holdings," the note said.
The global version is already off to a solid start in 2023, with a total return of about 6%.
The fund, which has $3 billion in assets and an expense ratio of 0.25%, already has a total return of more than 5% in 2023.
The Canada fund has a total return of more than 8% year to date.