This ETF offers broad-based exposure to equity markets outside of the U.S., including both developed and emerging markets. As such, VEU can be a useful tool for many investors constructing long-term portfolios, or as a tactical tilt for those looking to beef up international allocations. VEU is impressive in both its cost efficiency and depth of holdings, and does a nice job of balancing exposure across a number of ex-U.S. economies. Like all Vanguard ETFs, VEU may be available commission free in Vanguard accounts, further enhancing the appeal of this fund to cost-conscious investors. It should be noted that the balance between emerging and developed markets may not be consistent with all investment objectives; further fine tuning may be required in some instances. Also, VEU consists primarily of large cap stocks; complementary exposure through VSS will result in a more balanced portfolio that includes smaller firms with potentially greater capital appreciation possibilities.