Stock price when the opinion was issued
His firm's taken its clients up to a 15% weight in global equities outside NA. Problem is that most global funds are 60-75% US stocks, which just replicates holdings. Valuations are much lower in global stocks. Global stocks had 10 years of underperformance, and have broken out to new highs -- typically means it's the beginning of a longer-term bull market. And we're 1 year into it.
Everybody needs to have some global equity exposure, it's really important. The sectors that make up the global equity universe are largely financials, industrials, and materials -- the sectors that are leading.
VEA-N vs. VEU-N. VEA-N is the developed market index, excluding the US. VEU-N is the entire world, excluding the US. VT-N is his preference for the whole world.