Vanguard Europe Pacific ETF is an open-end management investment company. The Fund seeks to track the investment performance of the Morgan Stanley Capital International (MSCI) Europe, Australasia, Far East (EAFE) Index (the MSCI EAFE Index). The Fund employs an indexing approach to provide exposure to equity markets in Europe and the Pacific region. The MSCI EAFE Index represents primarily large-capitalization companies in developed equity markets throughout Europe and the Pacific region. The MSCI EAFE Index includes exposure to more than 1,100 securities in 21 countries. As of Dec 31 2013, the Fund's investment portfolio was valued at $21,549,878,000. We show 7 historical shares outstanding datapoints in our VEA shares outstanding history coverage, used to compute VEA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VEA market cap history over the course of time is important for investors
interested in comparing VEA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of VEA versus a peer is one thing; comparing
VEA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like VEA can fluctuate over the course of history.
With this page we aim to empower investors researching VEA by allowing them to research the VEA market cap history. |
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Video: The Importance of Market Cap
