Few exchange traded funds have benefited from the currency-hedged boom in similar fashion to the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (NYSE: DBEF). Year-to-date, only one ETF has added more new assets than the $13.1 billion hauled in by DBEF.
Inflows to this year's eighth-, ninth- and 10th-best asset-gathering ETFs would have to be added up to arrive at a sum that exceeds DBEF's 2015 inflows. Although the Federal Reserve eschewed raising interest rates following its September meeting, punishing the dollar in the process, DBEF has kept its momentum going. The ETF added nearly $2.4 billion in new assets during the third quarter, tops among currency hedged funds and a total exceeded by just four other ETFs.
“Prior to 2015, DBEF had minimal assets despite launching in late 2011. We think interest in DBEF is the result of investor attention on the U.S. dollar strength in 2015 relative to the euro ...
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