RetireJapan

Recently I have realized that my exposure to the US market might be higher than I want it to. This is mostly due to the fact that total world market funds have ~50% US in them. Does anyone know of a good Japanese-domiciled mutual fund that reflects a world index (minus US)? All I could find on Rakuten Sec was VXUS itself, with the tax disadvantages that it brings.

Sorry can't answer your question. But I'm interested why you want your US exposure to be less than the market capitalization?

adamu wrote: ↑Mon Jun 25, 2018 10:44 am Sorry can't answer your question. But I'm interested why you want your US exposure to be less than the market capitalization?

I admit, probably this article

I just overweight emerging markets

RetireJapan wrote: ↑Mon Jun 25, 2018 12:38 pm I just overweight emerging markets

Mmm. So maybe buy Emerging, Europe and Asia and call it a day then?

I'd argue that by choosing less US than the capitalization, you are actually, to borrow the tone of the article, falling in love with your new favourites.

But then I'm dogmatic like that.

US seems overvalued, but no way to tell how long that will last

Ah well. Maybe I'm overthinking it.

For what it's worth, the P/E ratios aren't massively different for US and EU stocks.

I'd be lying if I said I wasn't concerned. There'll be a downturn at some point and just gotta ride it out. I'm just being careful not to dump all my savings in at the same time leaving a bit aside for a possible downturn

Even though I am not sure I will take that route anymore, let me (partially) answer my own question: there exist total world funds with a lower US allocation, such as this one: https://www.rakuten-sec.co.jp/web/fund/ ... 90C000G7W3

Here US would only make one third if I understand correctly. The fund seems to be underperforming compared to other usual world funds however.