This ETF is a global play on the financial sector, including U.S. companies, developed market stocks, and banks of emerging economies. This ETF has a heavy tilt towards large cap stocks--a common bias in the financial sector--though it does include some exposure to smaller companies. Given its sector-specific focus, this fund probably doesn't have much appeal to those constructing a long-term portfolio. But IXG can be a useful tool for establishing a tilt towards the global financial sector, or potentially as part of a global sector rotation strategy. Though the U.S. accounts for a significant chunk, IXG includes a number of different countries and hundreds of individual securities.