FTSE Developed Europe Index ETF Review (VE) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 80/100
This equity ETF has an MER of 0.23%. With lower than average fees, it’s a cost-effective option. Managing 70 million in assets, it’s widely trusted by investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

VE trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The FTSE Developed Europe Index (VE) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the FTSE Developed Europe Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.23%. This ETF trades on the TSX exchange.

VE stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $70MM

Expense Ratio: 0.23%

Price: $34.94 (Updated: 3/7/2024)

FTSE Developed Europe Index (VE) Top 10 Holdings

Company NameSymbolAssets %
Novo Nordisk A/SNOVO-B2.981
ASML Holding NVASML2.88456
Nestlé S.A.NESN2.5898
Novartis AGNOVN1.81961
LVMH Moët Hennessy – Louis Vuitton Société EuropéenneMC1.75335
Shell plcSHEL1.73799
Roche Holding AGROG1.6832
AstraZeneca PLCAZN1.66676
SAP SESAP1.61651
HSBC Holdings PLCHSBA1.294

FTSE Developed Europe Index (VE) Breakdown by Market Cap


FTSE Developed Europe Index (VE) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials6.650268.2377
Consumer Cyclicals10.2578311.79786
Financial Services17.4547115.1165
Real Estate1.987170.62548
Communication Services3.619653.37742
Consumer Defensive10.8553314.82086

FTSE Developed Europe Index (VE) Geographic Breakdown

RegionEquity %Relative to Category
North America1.2082.524
United Kingdom21.820626.55897
Europe Developed76.24370.829
Europe Emerging0.6540.05
Africa/Middle East0.0520
Asia Developed0.0110
Asia Emerging00.037
Latin America0.010

VE Management Expense Ratio

VE has a management expense ratio of  0.23% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  FTSE Developed Europe Index TSX ETF

You can buy  VE on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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