Broadly speaking, this has been a banner year for currency hedged exchange-traded funds. If they were not already, currency hedged ETFs have gone mainstream thanks in large part to the fact that no ETFs have matched the asset-gathering proficiency of the WisdomTree Inter Hedged Eq Fund (NYSE: HEDJ) or the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBX ETF Trust (NYSE: DBEF)) this year.
As their names imply, HEDJ and DBEF are multi-country funds. Looking at single-country currency hedged ETFs, particularly when excluding Japan funds, reveals varying degrees of success. For example, this has been a trying year for U.K. ETFs that hedge pound/dollar risk.
Despite the fact that the CurrencyShares British Pound Sterling Trust (Guggenheim CurrencyShares British (NYSE: FXB)) has lost 3.3 percent year-to-date, the Deutsche X-Trackers MSCI United Kingdom Hedged Equity ETF (DBX ETF Trust (NYSE: DBUK)) and the WisdomTree United Kingdom Hedged Equity Fund (WisdomTree Trust (NASDAQ: DXPS)) are off an average of ...
/www.benzinga.com/trading-ideas/long-ideas/15/12/6024693/these-currency-hedged-etfs-could-enjoy-2016 alt=These Currency Hedged ETFs Could Enjoy 2016>Full story available on Benzinga.com
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