I'm considering investing in an MSCI ACWI ETF for a long strategy (> 8+ years).

My country is in the Eurozone, so EUR is my currency. Most ETFs that track this index are in USD, and fewer are in EUR.

Although MSCI ACWI ETFs are very diversified, they still have large exposure (~62%) to USA country and USD.

Also, EUR has lost a lot recently over USD https://currencyzone.hsbc.com/?ccyFrom=EUR&ccyTo=USD&range=year&amount=1&lng=en-GB , so I guess I would lose the difference in case of EUR/USD recovery.

I've only found one EUR-hedged MSCI ACWI ETF - $SPP1 (-1,15%) . The problem is that its performance is not so great compared with non-EUR hedged MSCI ACWI ETFs. - Example: $SPPW (-0,84%)

There are also MSCI ACWI ETFs in Eur currency, but I guess they are not the same as Eur hedged.

Question: Does it make sense to invest in an MSCI ACWI ETF of type:

- EUR hedged ETF,

- EUR currency ETF, or

- USD currency ETF ?

Welcome your inputs! Thanks