The exchange-traded fund (ETF) aims to provide diversified exposure across developed markets, excluding Australia.

Global X Management (Aus) Ltd (Global X) has launched the MSCI International Small and Mid Cap ETF (ISMD) on the Australian Securities Exchange, providing exposure to developed market small and mid-capitalisation companies outside Australia. The fund tracks the MSCI World ex Australia SMID Cap Select Index ISMD seeks to offer investors access to companies beyond the large-cap segment, complementing existing exposures with small and mid-cap names that have shown improving profitability and bu