Vanguard offers a range of exchange-traded funds (ETFs) that you can invest your hard-earned money into.

In fact, at the last count, it had 29 different ASX ETFs to choose from. These provide investors with access to all kinds of areas of the market. This includes infrastructure, property, fixed interest, local shares, growth shares, and global shares.

Possibly the best of them all, though, is the extremely popular Vanguard MSCI Index International Shares ETF (ASX: VGS).

It currently has net assets of approximately $36.5 billion. This makes it larger than Qantas Airways Limited (ASX: QAN) and almost as large as supermarket leader Woolworths Group Ltd (ASX: WOW).

Clearly a lot of Australians are trusting this ASX ETF to grow their wealth.

What is this Vanguard ASX ETF?

Before tackling whether or not to put money in this fund, let's take a look at what it actually offers investors.

This popular fund gives investors easy access to approximately 1,500 of the world's largest companies.

That's a huge number of shares that would be almost impossible to buy individually. Just think of the brokerage fees! And investors can buy a slice of all these companies with a single click of the button thanks to the Vanguard MSCI Index International Shares ETF.

Vanguard describes the ASX ETF as follows:

The ETF provides exposure to many of the world's largest companies listed in major developed countries. It offers low-cost access to a broadly diversified range of securities that allows investors to participate in the long-term growth potential of international economies outside Australia. The ETF is exposed to the fluctuating values of foreign currencies, as there will not be any hedging of foreign currencies to the Australian dollar.

Its top five holdings at present are:

• Apple Inc (NASDAQ: AAPL) 4.96%
• Microsoft Corp (NASDAQ: MSFT) 4.44%
• NVIDIA Corp (NASDAQ: NVDA) 4.36%
• com Inc (NASDAQ: AMZN) 2.55%
• Meta Platforms Inc (NASDAQ: META) 1.83%

It also holds Swiss pharma giant Novartis AG (NYSE: NVS), UK bank HSBC Holdings plc (NYSE: HSBC), Japan's Toyota (NYSE: TM), and Ozempic owner, Denmark's Novo Nordisk (NYSE: NVO).

Investing $2,000

The good news is that the Vanguard MSCI Index International Shares ETF has made its unitholders smile in recent years.

Over the past five years, it has outperformed its benchmark with an average total return of 13.54% per annum.

This would have turned a $2,000 investment five years ago into approximately $3,800 today.

And given the quality in the fund, it would not be at all surprising if it continues to outperform over the next five years (and beyond). As a result, this Vanguard ETF could be worth considering for a $2,000 investment today.