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This chart visually clears up some of the confusion I've seen people have about being "overweight" in domestic stocks while tracking a global index.

Interesting that FTSE Global All Cap Index weights the US as about 60% / 40% international including emerging markets.

MSCI World Index (the maker of the plot) is about 69% US as it leaves out emerging markets.

I wonder what's in this plot that's left out of the FTSE index that would to make it US 43%.