22yo student – Long-term PEA ETF portfolio, looking for opinions

Hi everyone,

I'd like to get your opinions on my current PEA (French equity savings plan) allocation and my long-term investment strategy.

For context:

I'm 22 years old, still a student, and I invest with a very long-term perspective (15-20 years minimum).

I invest exclusively through ETFs and I use dollar-cost averaging (DCA) on a monthly basis.

Here is my current allocation in my French equity savings plan (PEA):

• AMUNDI PEA MSCI World ETF (DCAM): 38%
• AMUNDI PEA MSCI Emerging Asia ESG ETF (PAASI): 14%
• BNP Paribas S&P 500 ETF (ESD): 30%
• BNP Paribas STOXX Europe 600 ETF (ETZ): 18% So I only hold ETFs, no individual stocks at the moment.

I would like your feedback on several points:

• What do you think of this overall allocation?
• Do you think any ETFs are over- or underweighted?
• Would it be worthwhile to increase exposure to a particular region?
• Do you see any missing assets or asset classes in this allocation?

I'm considering adding a more sector-specific ETF, for example, one focused on armaments/defense, but I'm not sure if it's a good long-term strategy or if it would provide real diversification.

Another point:

Do you think it's better to remain 100% invested in ETFs, or to add some direct stock investments in the future?

Finally, an important point:

This post is intended for an international subreddit, and my French equity savings plan (PEA) limits me to European assets or eligible synthetic ETFs, such as the S&P 500 or the MSCI World that I currently hold.

Thank you in advance for your feedback and constructive criticism.