Re: Vanguard ETF\'s: VWO: Put more of my money into emerging markets?
High international allocations help diversify a portfolio. A 50/50 split is usually a good starting point for splitting domestic and foreign equity. The market cap of the US is now like 40% or something, so if you want to own the market, a 40/60 split may be better. Also, know that with foreign funds you take on additional currency risk and slightly higher costs. In addition, small foreign funds diversify more than large growth/blend alone. In recent years, large foreign has had a high correlation with domestic equity.
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