Is Vanguard FTSE Developed Markets ETF (VEA) a Solid Buy?

The three primary U.S. stock indices closed with losses exceeding 1% each on Thursday, and investor apprehension loomed as they awaited Federal Reserve Chair Jerome Powell’s speech scheduled for today.

Therefore, I think the Vanguard Developed Markets Index Fund’s (VEA – Get Rating) combination of diversification, consistent dividend income, steady historical performance, and low expenses make it a solid buy in a market marked by uncertainty.

Launched and managed by The Vanguard Group, Inc., VEA invests in stocks of companies operating across diversified sectors.  The fund provides exposure to the developed market equity space outside the US, including Canada, and major markets in Europe and the Pacific. This fund covers large, mid, and small-cap stocks.

The ETF has soared 6.2% year-to-date and 3.9% over the past nine months to close its last trading session at $44.58. Moreover, the fund has a beta of 0.89.

Here are the factors that could influence VEA’s performance in the upcoming months…

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