VEU
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The Vanguard All-World ex-U.S. Shares Index ETF (ASX: VEU) is an exchange-traded fund traded on the Australian Securities Exchange that tracks international shares across developed and emerging markets globally, excluding the United States. a very low management fee of 0.04% per year. [1, 2, 3, 4]
Start : $44.60 AUD in 2009
46.31 may 2011
41.89 may 2012
50.75 july 2013
56.91 jan 2015
63.96 nov 2015
59.60 oct 2016
70.11 may 2020
85.99 july 2023
90.33 jun 2024
98.93 mar 2025
Today 121.40 AUD in Aug 2026
3 fold increase in 17 years.....
Key Features of VEU
- Geographic Focus: Covers thousands of companies in major non-US regions like Japan, the UK, China, Canada, and Europe.
- Top Holdings: Includes large global companies such as Taiwan Semiconductor Manufacturing Co, ASML Holding, Novo Nordisk, Toyota Motor, and Nestlé.
- Currency Risk: Unhedged against the Australian dollar, meaning your returns jump or drop based on foreign currency shifts.
Why Investors Use VEU
- Fix US Overexposure: Many standard global funds are 60% to 70% invested in US tech and mega-caps; VEU cuts out the US entirely to balance a portfolio.
Important Structure Nuance
- VEU is a CHESS Depositary Interest (CDI) over a US-domiciled Vanguard fund.
- Australian investors may need to fill out a W-8BEN form for optimal tax handling on foreign dividends, and the underlying structure can experience slight foreign withholding tax drag before payouts reach you. [1]
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