The iShares MSCI Germany ETF (NYSE: EWG), the largest Germany exchange traded fund trading in New York, is up 0.8 percent this year, a showing that tops those of diversified Europe and Eurozone ETFs. Yet, concerns linger that German stocks are poised to retreat.
Germany, the eurozone's largest economy, is often seen as a beacon of stability, particularly at times when volatility is high for the region's equity markets. However, EWG and rival Germany ETFs have slumped over the past year with currency hedged funds faring worse because of the faltering U.S. dollar. EWG is not currency hedged, but it has a currency hedge counterpart, the iShares Currency Hedged MSCI Germany ETF (NYSE: HEWG).
The iShares ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7881498/deutschland-disappointment-could-hinder-germany-etfs alt=Deutschland Disappointment Could Hinder Germany ETFs>Full story available on Benzinga.com
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