The Vanguard FTSE All-World ex-US Index Fund ETF (VEU) is an exchange-traded fund (ETF) that tracks the performance of the FTSE All-World ex-US Index, which is a market-capitalization-weighted index that measures the investment return of developed and emerging markets outside of the United States. VEU is designed for investors who want to diversify their portfolio by investing in international stocks. It offers exposure to a wide range of industries and sectors, including technology, finance, healthcare, and consumer staples. One of the key advantages of VEU is its low expense ratio, which is the annual fee that ETFs charge their investors. VEU has an expense ratio of just 0.08%, which is significantly lower than the average expense ratio of international stock funds. This means that investors can keep more of their returns, rather than paying them out in fees. VEU is also highly diversified, with over 3,500 holdings. This means that it is not heavily reliant on any one stock or sector, which can reduce the overall risk of the fund. VEU is a passively managed fund, which means that it tracks the performance of the underlying index rather than actively trying to outperform it. This can be a good choice for long-term investors who want a simple and low-cost way to invest in international stocks. However, VEU is not without its risks. Like all investment products, it is subject to market volatility and can fluctuate in value. It is important for investors to carefully consider their risk tolerance and financial goals before deciding whether VEU is suitable for their portfolio. Overall, the Vanguard FTSE All-World ex-US Index Fund ETF is a low-cost, diversified option for investors who want to add international stocks to their portfolio. It offers exposure to a wide range of industries and sectors, and its passive management approach can make it a good choice for long-term investors. However, as with any investment, it is important to carefully consider the risks and to diversify your portfolio.