Longtime lurker, thanks in advance for the advice/feedback. My portfolio is 57% VOO, 28% VEU, 10% AVUV, 5% AVDV.
To save some a few clicks: VEU is large and mid cap only, from both developed and emerging ex-US markets.
What is the argument for owning the entire market (VTI, VXUS or VWO+VEA) versus of my large/mid cap approach with a targeted small cap value tilt? With a goal of long term total returns, what could I be missing?