ASX-listed · AUD-settled · FIF-eligible (above NZ$50K)
VanguardVEU.AXVanguard All-World ex-US Shares Index ETF
Australian-domiciled fund tracking the FTSE All-World ex-US Index — global stocks excluding the US (Europe, Japan, Asia-Pacific, emerging markets).
Updated Reviewed quarterly
About this fund
What is VEU.AX?
VEU.AX is the ASX ticker for Vanguard All-World ex-US Shares Index ETF, issued by Vanguard (Australian-domiciled). Australian-domiciled fund tracking the FTSE All-World ex-US Index — global stocks excluding the US (Europe, Japan, Asia-Pacific, emerging markets). TER is 0.20% per year, with a trailing 12-month distribution yield of approximately 3.0%. Distributions paid quarterly in AUD.
Next typical distribution: December.VEU typically pays in Mar · Jun · Sep · Dec. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy VEU from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Interactive BrokersInteractive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | Larger NZX and ASX trades, and sponsored NZ holdings in your own name |
 ASB SecuritiesASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 5 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax
How is VEU.AX taxed for NZ investors?
ASX-listed ETFs are non-NZ-domiciled, so they sit in the Foreign Investment Fund (FIF) regime once your overseas-share holdings exceed NZ$50,000 cost basis. Below that threshold, you pay tax on dividends only. Above it, most NZ investors use the Fair Dividend Rate (FDR) method — deemed income = 5% × opening market value × your marginal tax rate.
Distributions are paid in AUD. Australian withholding tax applies under the NZ-Australia tax treaty (typically 15% with a TFN supplied to your broker). It can be claimed as a foreign tax credit on your IR3 — the same treatment as US withholding on FIF-taxed holdings.
Currency exposure: VEU.AX settles in AUD. NZ residents face NZD/AUD currency variance when valuing positions in NZD, and (for AU-domiciled funds investing in non-AUD assets) further AUD-vs-underlying-currency variance inside the fund.
ASX-listed ETFs do NOT carry the NZ PIE-fund tax advantages — that structure is only available on NZX-listed Smartshares + Kernel funds. See PIE vs FIF for the comparison and consult a registered NZ tax adviser for personalised guidance.
FAQ
Common questions about VEU.AX
What is VEU.AX?⌄
VEU.AX is the Vanguard All-World ex-US Shares Index ETF — Australian-domiciled, tracks the FTSE All-World ex-US Index, holding ~3,500 large- and mid-cap stocks across developed + emerging markets globally except the US. TER is 0.20%, distributions paid quarterly. Yield ~3.0%.
VEU.AX vs VEU (US-listed VEU) — what's the difference?⌄
The ASX-listed VEU.AX is an Australian-domiciled feeder that wraps the same underlying global ex-US portfolio as US-listed VEU. Both track FTSE All-World ex-US. ASX version settles AUD with quarterly distributions; US version settles USD. Costs are similar (the ASX-listed version charges 0.20% TER). For NZ investors, the ASX-listed version may be more accessible via Sharesies / Tiger / Invest Direct / ASB; the US-listed version has higher trading volume and tighter spreads.
Why hold VEU.AX alongside IVV.AX or VGS.AX?⌄
VEU.AX = global ex-US (developed + emerging). IVV.AX = US-only. VGS.AX = developed-markets ex-Australia (includes US, excludes EM). The most common AU/NZ-investor combinations: VAS + VGS (Australian + developed-international); or IVV.AX + VAS + VEU.AX (US + Australian + global ex-US). The choice depends on whether you want emerging-market exposure (VEU.AX yes; VGS no).
How is VEU.AX taxed for NZ residents?⌄
Above NZ$50,000 cost basis FIF rules apply. As Australian-domiciled investing in non-AU stocks, distributions don't carry franking credits. Distributions paid quarterly in AUD with 15% Australian withholding (under NZ-AU treaty with TFN supplied to your broker). The underlying global stocks have foreign withholding tax applied at the fund level before distribution flows through.
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Related ETFs and resources
VXUS — Vanguard Total International (US-listed)
US-listed sibling tracking FTSE All-World ex-US.
VGS.AX — Vanguard MSCI International (sibling)
Developed-markets-only alternative (excludes emerging markets).
SCHE — Schwab Emerging Markets (US-listed)
EM-only alternative if you already hold developed elsewhere.
NZ investment platforms compared
Which brokers support ASX from NZ.
