As of 30 September 2026, an ETF tracking the MSCI World is 72.9% invested in the US (MSCI). In January 2012, that share was 52.4% (MSCI factsheet, archived).
Your World ETF is 72.9% American
| MSCI World | January 2012 | September 2026 |
|---|---|---|
| United States | 52.4% | 72.9% |
| Top 10 holdings | 10.2% | 27.9% |
| Technology | 12.3% | 31.8% |
The top ten holdings are all American, from NVIDIA (5.8%) to Tesla (1.1%). Japan weighs 5.9%, the UK 3.4%, France 2.2%.
The index decided nothing: it is weighted by market capitalisation, so it follows whatever has risen most. Its make-up tells the story of the past decade.
S&P 500 and World ETFs dominate French retail trading. In the first quarter of 2025, those two families made up about 60% of retail ETF transactions (AMF, Cartographie 2025). A portfolio split half S&P 500, half World is about 86% invested in the US.
That can be a deliberate choice. It is better when it is.
General information published by copio. It is neither investment advice nor a personal recommendation. Past performance is not a guide to future performance.