Likes it. Exposure to stocks from around the world. Minimum volatility. Should be fine going forward. Large cap bias. Low cost. He uses them rarely because most clients are prepared to take a little more bouncing around.
XWD-T An even better way to harness market beta is XMW, which a minimum-volatility index ETF and reduces the risk of high-risk stocks by excluding them. You'll get the same long-term returns, maybe higher, but at lower risk. A smoother ride.
You are buying stocks that are less vulnerable to the economic cycle. If markets go down then these go down less. This is not a bad factor in selecting investments. The quality factor is those with clean balance sheets, low leverage and good divided coverage.