Talk:Approximating total international stock market

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I have been trying to update this page by including the changes from the MSCI index to the FTSE index for the VEIEX/VEMAX/VWO emerging markets funds. I am using SCHE as a substitute for this since it has always followed the FTSE index and Morningstar has not updated the Vanguard funds since the changeover from the MSCI to the FTSE index. My calculations to maintain a similar average market cap and country exposure left me with the following funds:

Vanguard Developed Market Index Fund (VDMIX)
Schwab Emerging Markets Equity ETF (SCHE)
Vanguard FTSE All-World ex-US Small Cap Index (VFSVX)
iShares MSCI Canada Index ETF (EWC)
iShares MSCI South Korea Index ETF (EWY)

With this allocation, there is a slight style float from Vanguard Total International Stock Index (VGTSX) but the market cap is about the same, and the area exposure is close. Europe is a little overweight and Japan is a little underweight, but the rest are very close. My question is does the slight style drift matter? Any other advice is appreciated. The Morningstar box format is as follows:

Funds Morningstar
Style Box
100% (VGTSX) (0.22%)[1]
  1. Morningstar X-Ray of VGTSX (only) as of 31 December 2012.
28 28 24
6 5 5
2 1 1
For TSP I Fund Investors or any investor with a MSCI EAFE Index fund:
61.12% Vanguard Developed Markets Index Fund (VDMIX) (0.20%)
17.19% Schwab Emerging Markets Equity ETF (SCHE) (0.15%)
12.54% Vanguard FTSE All-World ex-US Small Cap Index Fund (VFSVX) (0.50%)
6.35% iShares MSCI Canada Index (ETF) (EWC) (0.53%)
2.80% iShares MSCI South Korea Index (ETF) (EWY) (0.61%)

28 27 24
6 6 5
2 1 1
  • These percentages were computed on 31 December 2012.

--Gtwhitegold 04:53, 16 February 2013 (CST)Allen

Gtwhitegold, go for it. I added a 3rd box to have an EM fund that does have SK. So please update the 2nd box with your new numbers above. For easier editing, you can use this template for the box:


--Hoppy08520 10:07, 16 February 2013 (CST)