Excellent point, Mike. From a high valuation point in mid-January up to last night's closing valuation, my world ex-UK tracker is down a smidge above 8%. It's my biggest single fund holding at 53% odd.
We're not even in correction territory yet..... If there's concern to be had, we're not even close.....
So really think twice about changing your portfolio based on what's happening. If you're changing because your risk profile was wrong, so be it. Maybe a good lesson learned.