The Vanguard FTSE Developed Europe UCITS ETF (VEUR) is an Ireland-domiciled equity ETF managed by Vanguard. VEUR represents the fund's EUR distributing share class traded in British pounds on the London Stock Exchange.
The fund seeks to track the FTSE Developed Europe Index, a benchmark comprising large- and mid-cap companies across developed European equity markets.
VEUR follows a passive investment strategy and uses physical replication, investing directly in the stocks included in its benchmark. The fund aims to hold index constituents in proportions similar to their respective weights, using representative sampling when full replication is not practical.
The FTSE Developed Europe Index covers companies from European countries classified as developed markets by FTSE Russell. Its constituents are weighted by free float-adjusted market capitalization, and the index is periodically reviewed to reflect changes in the eligible investment universe.
Composition / Exposure Profile
VEUR provides exposure to companies across different sectors of the European economy, including:
Financials.
Industrials.
Health care.
Consumer staples.
Consumer discretionary.
Information technology.
Energy.
Materials.
Communication services.
Utilities.
Real estate.
Geographic exposure covers developed European markets, including the United Kingdom, France, Switzerland, Germany, the Netherlands, Denmark, Sweden, Spain, and Italy. Because the index uses free float-adjusted market-cap weighting, larger companies and markets tend to account for greater portions of the portfolio.
Although the fund holds companies across different countries and sectors, its performance remains tied to economic and financial conditions in developed Europe. Changes in interest rates, corporate earnings, and European currency exchange rates can influence investment values.
Structure and Costs
The fund and share class have the euro as their base currency. On the London Stock Exchange, VEUR trades in British pounds without a currency hedge specific to its trading currency.
The ETF has ongoing charges of 0.10% per year, uses physical replication, and is domiciled in Ireland. It operates as part of Vanguard Funds plc under the UCITS framework.
VEUR follows a quarterly distributing income policy. Dividends received from portfolio companies are therefore periodically distributed to shareholders in accordance with the share class's distribution policy.
History and Evolution of the ETF
The Vanguard FTSE Developed Europe UCITS ETF EUR Distributing was launched in 2013 to provide diversified exposure to large- and mid-cap companies across developed European markets.
Since its launch, the fund has maintained a passive strategy linked to the FTSE Developed Europe Index, tracking companies across different countries and sectors in the region.
Throughout its history, VEUR's performance has reflected movements in European equity markets, including changes in the economic outlook, interest rates, corporate earnings, and currency conditions across the countries represented in the benchmark.
Additional Information
Vanguard FTSE Developed Europe UCITS ETF EUR Dist (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $4.89 billion.
Over the past 12 months, Vanguard FTSE Developed Europe UCITS ETF EUR Dist recorded a return of 8.99%, with its price trading between $50.05 and $75.31 during the same period.
The ETF is traded under the ticker VEUR.