VEU.ASX Vanguard All World Shares Index Ex US

For PDS and fact sheet about VEU.ASX, please visit Vanguard Australia website if you wish.

VEU.ASX is NOT CURRENCY HEDGED which must be noted, meaning the ETF is exposed to the fluctuating values of foreign currencies, as there will not be any hedging of foreign currencies to the Australian dollar. Allocation to Japanese market is almost %18 and UK market is almost 13%. A fair amount of equities are therefore represented in JPY and British Pound. All these are on their fact sheet which can be seen. 

Spread between BID and ASK may not be the best like it is with number of ASX listed ETFs, that is why I have elected to use weekly line chart which only plots EOW close.

A basing pattern which was followed by an UPSIDE BREAKOUT and VEU is now considered to be in a MAJOR BULL RUN with lots of  expected swings and roundabouts along the way. In the second window, below the chart, OBV is registering higher peaks and troughs which also confirms the late bull run. Looking at the Bollinger Bullish % B at the bottom window, no doubt VEU may be considered short term overbought where a pullback of some sort may potentially occur. Looking at the bar chart ( not shown) there is no weekly bearish pivot or equivalent to suggest this, as yet. Should there be one, zone of $60-$61 ( prior breakout zone now acting as support) may be worth watching going forward.

Please double click on the chart to enlarge it.



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