Macquarie Focused International Core ETF (EXUS) is an actively managed exchange-traded fund that provides exposure to a concentrated portfolio of 35 to 45 international equities outside the United States, targeting companies with underappreciated long-term earnings drivers across developed and select emerging markets; it employs a style-agnostic approach with disciplined risk management to minimize country and factor risks while seeking consistent returns. The ETF, managed by Macquarie Asset Management's Global Equity Team—which oversees approximately $4.5 billion in assets—offers investors access to high-conviction stock selections in sectors including finance, industrials, health care, consumer discretionary, and materials; shares trade on the NASDAQ exchange at market prices that may differ from net asset value. EXUS benchmarks against the MSCI ACWI ex USA Index and is distributed by Foreside Financial Services, LLC, with investment advisory services provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust.
Launched on June 18, 2025, as part of Macquarie Asset Management's expansion of its active ETF platform, EXUS mirrors the strategy of the firm's established International Core mutual fund and represents a key addition to its suite of actively managed equity products. In April 2025, Macquarie Group Limited announced an agreement for Nomura Holding America Inc. to acquire Macquarie Asset Management's US and European public investments business, including ETFs like EXUS, subject to regulatory and other approvals with an expected closing by the end of 2025. Macquarie Asset Management, the asset management division of Macquarie Group Limited—founded in 1969 and headquartered in Sydney, Australia—operates globally across public and private markets, serving institutional and retail investors seeking diversified international equity exposure.