Short post.In the following chart I plotted out 5 different securities from the start of 2025: The first one is an ETF of stocks that is non-US but developed markets.The second one is the Avantis International Small Cap Value, which is a systematic active strategy on non-US developed small cap stocks but only selecting some of the cheapest and more profitable.The third is our STI ETF, which is a pretty concentrated index.The fourth is an emerging markets large, mid and small cap index.The last is Singapore ...