Vanguard FTSE All-World Ex-US Small-Cap ETF (the Fund) is an open-end management investment company. The Fund is an exchange-traded share class of Vanguard FTSE All-World Ex-US Small-Cap Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the FTSE Global Small Cap Ex-US Index (the Index). The Index includes approximately 3,300 stocks of companies in more than 46 countries. The fund seeks to track the performance of the Index that measures the investment return of stocks of international small-cap companies. As of Oct 31 2013, the Fund's investments portfolio was valued at $2,128,574,000. We show 1 historical shares outstanding datapoints in our VSS shares outstanding history coverage, used to compute VSS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VSS market cap history over the course of time is important for investors
interested in comparing VSS'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 VSS versus a peer is one thing; comparing
VSS 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 VSS can fluctuate over the course of history.
With this page we aim to empower investors researching VSS by allowing them to research the VSS market cap history. |
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Video: The Importance of Market Cap
