EFA

EFA is the iShares MSCI EAFE ETF, a fund that bundles hundreds of large and mid-sized company stocks from developed countries outside the US and Canada, mainly Japan, the UK, France, Germany, Switzerland, and Australia. Rather than betting on one business, it lets an investor buy a slice of dozens of established international economies in a single trade. It earns nothing on its own; its value simply rises and falls with the combined stock prices of the companies it holds, minus a small yearly management fee.