Most investors on the ASX, and every fan of ASX exchange-traded funds (ETFs), would know of the popularity of Vanguard. Vanguard has the distinction of running the ASX's most popular ETF and index fund, the Vanguard Australian Shares Index ETF (ASX: VAS).
Whilst VAS is a go-to choice for many ASX investors trying to passively build wealth, it is not the only Vanguard ETF that can make you a millionaire with enough time, financial dedication and patience.
So today, let's discuss three other Vanguard ETFs that I think also have the potential to help you become a millionaire. That's as long as you periodically invest as much as you can afford, never sell out, and reinvest your dividend distributions, of course.
Three Vanguard ETFs that could help make you a millionaire
Vanguard FTSE Europe Shares ETF (ASX: VEQ)
Some of Vanguard's most popular ETFs track mostly ASX shares or US shares. But this offering concentrates on an underappreciated market on the ASX in my view.
The United Kingdom, France, Switzerland, Germany and the Netherlands (the largest contributors to VEQ's portfolio) all have quality companies that have the potential to help build wealth. And this ETF gives you a slice of the largest of them.
Some of VEQ's top holdings include Ozempic manufacturer Novo Nordisk, food titan Nestle, oil giant Shell and luxury goods stock LVMH.
The Vanguard Europe Shares ETF has returned 12.41% over the past 12 months (as of 30 November) and offers a trailing dividend yield of around 3.5%.
Vanguard FTSE Emerging Markets Shares ETF (ASX: VGE)
This ETF also covers countries that are often overlooked on the ASX. VAE specialises in exposure to emerging markets. That includes countries like China, India, Taiwan, Brazil, South Africa and Saudi Arabia. However, it also provides exposure to economies as diverse as Pakistan, Egypt, Greece and Chile.
You might have even heard of some of its top holdings like Taiwan Semiconductor Manufacturing Co, Tencent, Alibaba and Petroleo Brasileiro.
This ETF's performance in recent years has been disappointing, with VGE units returning 3.54% over the past 12 months. However, I think with the fast-growing populations of countries like India and Brazil, the next decade will prove to be a lot more fruitful. There's a dividend yield of 3.2% to consider as well.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
VGS is one of Vanguard's most popular ETFs. And for good reason. In one simple investment, this fund allows investors access to high-quality share markets like the United States, United Kingdom, Japan, Canada, Italy, Denmark and Hong Kong.
Saying that, the vast majority (more than 71%) of VGS' holdings are American companies. The largest of these, the likes of Apple, Microsoft, Amazon and Alphabet, dominate this ETF.
Even so, VGS has some impressive performance figures it can boast of. As of 30 November, it has returned more than 1% in 2023 to date, as well as 14.45% over the past 12 months.
