Investing pain comes in many flavors. "Shoulda woulda coulda" is one of our personal favorites, quickly followed by "position sizing". Rebalancing can be easy on paper, but incredibly hard in practice. Holding a laggard over a long period of time is frustrating, and can feel like death by a thousand cuts. Eventually, the protracted pain of underperformance can be more than an investor can take. Today, it seems that US investors have reached the underperformance pain point with broad Emerging Markets ((EM)).
The three largest broad EM ETFs listed in the United States have seen