EUROPE, AUSTRALASIA, FAR EAST EAFE
Europe, Australasia, Far East - EAFE: translation
An acronym referring to the geographical area that includes these three regions. These regions represent the most developed areas outside of North America.
Owning an index fund comprised of companies from the EAFE area is one way to invest in those international markets. Indexes, such as the MSCI EAFE, are used as a benchmark for North American equity performance.