Hi Meiken.

If you want world plus Aussie exposure, most people get that thru a combo of VAS and VGS (global developed countries). VEU as you may k now is basically the world outside US.

Technically VEU contains some Aussie shares but it’s super tiny, just a couple of percent. So it doesn’t really give exposure and misses out on the benefits of franking credits that Aussies get which overseas owners do not (even if they own VAS).

It’s also worth noting that having no or very little Aussie shares means the whole portfolio is valued in overseas currencies. Which can be benefit at times, but also creates a risk if the Aussie dollar strengthens your whole portfolio loses value in local terms. So most people aim for a balance of currency exposure as well, which tends to come naturally with the blended approach I mentioned earlier (VAS/VGS or similar)