Sure.
They try to more or less reproduce ACWI, with weights rounded to integer percentage and using whatever ETF looks more efficient.
No really good European ETFs.
This is quite correct. They even picked up the correct index, unlike TrueWealth.
Just the best ETF on emerging markets. IMI part is not important.
They needed something of Europe without Switzerland and UK, et voilà! Euro Stoxx 50 is actually quite a big part of Euro zone stocks, it’s just it doesn’t have Europe ex EMU and is calculated differently from MSCI indices.