Vanguard FTSE Developed Markets Index Fund has many characteristics of great foreign stock index-funds. This low fee fund captures most of the overseas market in a cost-effective way. But it misses out on a portion of the opportunity set by excluding stocks from emerging markets. So, its Morningstar Analyst Rating is downgraded to Silver from Gold.
Will VEA outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VEA’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VEA management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VEA’s parent organization’s priorities and whether they’re in line with investors’ interests.