ASX-listed · AUD-settled · FIF-eligible (above NZ$50K)
Vanguard VEU.AX Vanguard 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.
How to buy
Where can I buy VEU.AX from New Zealand?
Sharesies NZ + AU + US in one account; tiered subscription pricing.
Tiger Brokers NZ-licensed; covers ASX + NZX + US + HKEX.
Interactive Brokers Lowest published FX margin for ASX trades; tiered commissions.
Jarden Direct CHESS-sponsored ASX holdings; in your own name on the ASX register.
ASB Securities CHESS-sponsored ASX; integrated with ASB banking.
BNZ Direct Broking CHESS-sponsored ASX; bank-anchored brokerage.
Hatch is not on this list — Hatch supports US-listed ETFs only, not ASX. See the full platform comparison for fees, minimums, and supported markets across all 11 NZ-accessible brokers.
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). The 15% can be claimed as a foreign tax credit on your IR3, similar to US dividends.
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 (~0.20% TER). For NZ investors, the ASX-listed version may be more accessible via Sharesies / Tiger / Jarden / ASB / BNZ; 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.
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.