The holdings page of the Vanguard Total World Stock ETF (VT) is a good place to obtain data on the regional weightings in the world stock markets. The ETF tracks the FTSE All World Index, which in turn tracks the performance of about 2,700 stocks in the U.S., Europe, Pacific, Emerging Markets and Canada. If you net out the 3.6% allocation to Canada, here’s how the regional market weightings stack up (as of Feb. 28, 2010):
United States: 43.5%
Europe and Pacific (EAFE): 42%
Emerging Markets: 14.5%
It is interesting that the share of Emerging Markets has grown in the world stock markets from roughly 10% in 2005 to close to 15% now. Correspondingly, the share of US and EAFE markets has declined from about 45% each to 43.5% and 42% respectively today.
The Sleepy Portfolio started out with a 22.5% allocation to US and EAFE markets and a 5% allocation to Emerging Markets. This data suggests that the share of Emerging Markets in the portfolio should be boosted to 7% and US and EAFE market allocations cut by 1%.
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- Sleepy Portfolio 1Q-2010 Report Card
- Tidying up the Sleepy Portfolio
- New iShares Emerging Market and World ETFs
- A Tour of ETFs: Vanguard FTSE All-World Ex-US ETF (VEU)