Core Insights - The year 2025 has seen significant foreign investing opportunities, particularly in equities and bonds, with foreign market performance being notably strong [1] - The Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) has outperformed its category, returning 5.7% over the last three months [2] Group 1: Foreign Investment Opportunities - The spring "Liberation Day" tariffs have positively impacted foreign equities, contributing to their strong performance throughout the year [1] - Ex-U.S. bonds have also provided substantial investment opportunities, with GEMD standing out in its category [1] Group 2: GEMD Fund Details - GEMD charges a fee of 39 basis points and tracks a market value-weighted index of U.S. dollar-denominated emerging markets bonds [2] - The index includes bonds of various maturities and credit qualities, focusing on economic factors like governance indicators and inflation [2] - A fundamental screen is applied to exclude bonds from low-ranked countries, thereby limiting exposure to questionable bonds [2] Group 3: Market Outlook - The decline in the value of the U.S. dollar may continue, making emerging markets debt more appealing [2] - Domestic interest rate uncertainty may further enhance the attractiveness of fixed income diversification [3]