FYI: Foreign developed-market indexes are less concentrated than they have been in decades. Japanese firms have dominated many of these benchmarks over the past 30-plus years. But an extended bout of relatively poor performance from these companies has cut their standing to less than 25% of the FTSE Developed Ex US Index—down from roughly 60% in the early 1990s. So, low-fee developed-market index-trackers are less dependent on a single market and currency, making funds like Schwab International Equity ETF (SCHF) a solid way to get exposure to stocks from established markets.
Regards,
Ted
https://www.morningstar.com/articles/888355/cheap-diversified-exposure-to-foreign-developed-ma.html