Core Insights - The international equity proposition has gained traction as the MSCI EAFE Index has significantly outperformed the S&P 500, prompting advisors and investors to consider allocating more to ex-US markets [1] - The ALPS O'Shares International Developed Quality Dividend ETF (OEFA) is highlighted as a viable option for diversifying US-heavy portfolios, showing performance comparable to the S&P 500 over the past year [2] Group 1: Market Dynamics - A small number of US companies dominate the value of US stocks, leading to an all-time high in concentration risk [3] - While current tech companies are profitable, there are concerns that some may falter for various reasons, indicating potential vulnerabilities in the market [3] Group 2: OEFA Advantages - OEFA offers a different sector profile compared to US-focused funds, which is significant given the current dominance of domestic communication services and technology stocks [4] - The ETF's reduced reliance on growth sectors may benefit investors if the market shifts towards value sectors, with industrial, consumer cyclical, and healthcare stocks making up over 61% of its holdings [5] Group 3: International Exposure - International stocks tend to have a higher concentration in sectors outside of technology and communications services, suggesting that future growth may be concentrated outside the US [6] - OEFA provides exposure to eight GICS sectors and includes stocks from 15 countries, enhancing breadth in international investment [6]