Over the past month, the PowerShares DB US Dollar Index Bullish (NYSE: UUP) has gained nearly 5 percent, while the Guggenheim CurrencyShares Euro Trust (NYSE: FXE) has tumbled by more than 6 percent.
Those performances have been aided by rising expectations that the Federal Reserve will raise interest rates next month, accompanied by views that the European Central Bank (ECB) is preparing to add to its quantitative easing package rolled out earlier this year.
In other words, investors may be looking at another perfect storm for currency-hedged exchange-traded funds that benefit when the euro weakens against the dollar, such as the WisdomTree Inter Hedged Eq Fund (NYSE: HEDJ).
A Closer Look At 2015's Top Asset Gathering ETF
HEDJ, this year's top asset-gathering ETF, has surged more than 8 percent over the past month and ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5995753/euro-hedged-etfs-are-packing-on-assets-again alt=Euro-Hedged ETFs Are Packing On Assets Again>Full story available on Benzinga.com
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