I'm confused by charts that I've come across like this:
http://www.bespokeinvest.com/thinkbig/2 ... t-cap.html
They say the U.S. only makes up abou 33% of the total global market cap. But the numbers I usually see quoted on Bogleheads are more like 40% or 44%.
Then I see some people saying one number reflects the free float market capitalization and the other the total market capitalization.
What are the correct numbers? When people talk about the percent that the U.S. makes up of global markets, to which type of number are they usuall referring? What's used for determining percentages in global index funds?
Thanks to anyone for clarification on this.