- VEU invests in a broad range of non-U.S. equities.
- In aggregate, while these companies are less exciting, and while VEU lacks concentration, overall valuations look inexpensive.
- It would suggest to me that VEU is a reasonably good diversifier, especially with its low expense ratio.
- While VEU struggles to outperform, the past is history, and the fund recently breached its all-time highs (finally).
- Whether or not one finds international equities attractive, it is useful to note that further upside appears possible here, on valuation alone, and therefore, the broader picture for global equities still looks constructive.
For further details see:
VEU: Non-U.S. Stocks Are Still Undervalued