About VGK ETF
Vanguard Europe ETF (VGK) invests in nearly 462 stocks in 16 European countries is managed by Vanguard that has a total AUM of $5.1T. VGK is an exchange-traded fund incorporated in the USA in March 2005. VGK includes common stocks of approximately 462 companies located in 16 European countries.
About the Fund Manager:
Founded in 1975, Vanguard is the second largest asset manager in the world managing $5.1T. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares.
It tracks the performance of the FTSE Developed Europe All Cap Index.
VGK has invested in Financials (19%), Industrials (14%), Consumer Non-Cyclical (12%), Healthcare (12%), and Consumer Cyclical (11%).
Top Geographical allocation of VGK is United Kingdom (24%), France (15%), Germany (15%), Switzerland (13%) and Netherlands (9%).
According to ETFdb.com, "This ETF offers broad based exposure to the developed economies of Europe, spreading holdings across more than a dozen markets."
1. Fund Factsheet
2. A Europe ETF for Frugal Investors (VGK)
3. 3 Vanguard ETFs for the Contrarian Investor
How did we identify this ETF:
A complete pool of 2100+ ETFs is screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the in-house research/quant analysts team. VGK charges an extremely low fee for a European ETF and is one of the most liquid funds in the segment, with huge daily volume and tight spreads beating out other European ETFs. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.