Will this ETF continue its string of recent wins? Let’s take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.
Inside VEA’s Rise
As mentioned earlier, VEA has now gained 19.75% from its 52-week low, which was hit back on February 11, 2016. The fund has now returned 1.81% over the past month, 7.61% over the past three months, and 5.35% in the past six months. Those returns compare to the benchmark S&P 500 index’s 1.30%, 10.62%, and 6.33% returns in the same periods, respectively.
VEA currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That’s because the shares have no short-term overhead resistance to bump up against.
A Look Under The Hood
Vanguard MSCI EAFE ETF is a Equity-focused product issued by Vanguard Group. Its expense ratio of 0.09% makes it the #1 cheapest ETF among 89 total funds in the European Equities ETFs category.
VEA currently boasts $40.17B in assets under management (AUM), placing it #1 of 89 ETFs in its category, and #9 of 1922 total ETFs in the U.S. exchange traded universe.
The investment objective of the Vanguard Europe Pacific ETF seeks to track the FTSE Developed All Cap ex US Index. This index includes large cap equities in the Europe, Australasia, and Far East (EAFE) region. With stocks in many of those regions — particularly Australia — doing so well as of late, it’s not a surprise to see this fund continue to rise.
VEA SMART Grade: More Gains Ahead?
A SMART Grade of A suggests excellent future price growth potential, so it’s reasonable to expect even more gains ahead. VEA thus receives our highest recommendation.
For more information about this ETF, including full ratings, news, data, and more, please visit VEA’s ticker page.
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