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I would really do without EM. Maximum of the AllWorld This fairy tale of EM brings nothing, if World does not run, EM also brings nothing. And if EM runs, then only together with World.
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@Fledermausklaus but what is the point of diversification if the products have largely the same movements? The diversified investments are supposed to spread the risk, but in the last 30 years they have always correlated in their development except for 2x. And if I also find more relevant the development of the last 5 years, because the world economy has positioned itself completely different through digital services, than 30 years ago that was the case. And if you take a look at the performance of the last 5 years, every euro in the EM ETF is an investment with low returns. If diversification then rather a completely different asset class. What do you think?