What You Should Know:
- Deutsche Bank sponsors the fund.
- DBEF has an expense ratio of 0.36%.
- The fund is up 3.20% in the last month and down 9.23% over the past three months.
- Country allocations include: Japan 19%, United Kingdom 17%, France 9%, Switzerland 9%, Germany 9%, Australia 7%, United States 5%, Netherlands 5%, Hong Kong 4% and other 16%.
- Sector weightings include: Banking 9%, Non-cyclical Consumer 7%, Energy 7%, Financial 6%, Futures 5%, Pharmaceuticals 5%, Telecommunications 5%, Basic Materials 4%, Insurance 3% and others 49%.
- The MSCI EAFE tracks the performance of major international developed equity markets.
- “This ETF invests in equities denominated in euro, yen, and pound, but since this is a currency-hedged fund, DBEF is not exposed to changes in exchange rates between the U.S. dollar and the aforementioned currencies,” Morningstar analyst Patricia Oey said.
- “These companies still provide a very safe and stable investment in global growth and provide some diversification benefits through somewhat different geographic reach,” Oey added.
The Latest News:
- On Oct. 18, trading volume in the DBEF fund surged up to 1.15 million shares compared to its average of around 27,000.
- European equities rallied Wednesday on growing optimism that Europe’s leaders will raise the size of the financial-rescue fund during the summit this weekend, Bloomberg reports.
- “All eyes are now on the Sunday meeting and if the European finance leaders are able to deliver a substantial enough bailout deal to effectively backstop the European credit concern,” Ian Lyngen, a government bond strategist at CRT Capital Group LLC, said. “There’s less certainty they’ll be able to reach a meaningful deal than there was into yesterday’s close.”
db-X MSCI EAFE Currency-Hedged Equity Fund
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.