Total international funds invest in a broad selection of companies outside of the United States including both developed and emerging markets.
Total international is a popular complement to the total stock market, as holding both gives investors broad exposure to companies all around the globe.
- 1970-1987: MSCI World Ex USA NR USD, R*
- 1988-1996: MSCI ACWI Ex USA GR USD minus 0.4%, P
- 1997+: Vanguard Total International Index Fund (VGTSX), P
(*) Good EM data is unavailable prior to 1988, which limits Total International data as well. I use a world developed (ex US) index as a replacement asset. Since I-TOT consists of about 85% developed markets, this is a good approximation that holds up even in high percentages.