DBGR joins the db X-trackers suite of hedged equity ETFs that includes DBJP, db X-trackers MSCI EAFE Hedged Equity Fund (NYSEArca: DBEF), db X-trackers MSCI Emerging Markets Hedged Equity Fund (NYSEArca: DBEM) and db X-trackers MSCI Brazil Hedged Equity Fund (NYSEArca: DBBR).
Currency-hedged ETFs outperform when the U.S. dollar strengthens against the local currency, and vice versa.
“U.S. investors are looking for products with built-in protection against fluctuations between the dollar and non-U.S. currencies that also provide pure exposure to equity markets. DBGR is the first ETF focused on Germany that responds to this demand,” said Martin Kremenstein, Deutsche Asset & Wealth Management Americas’ Head of Passive Asset Management.
Deutsche Asset & Wealth Management’s U.S. exchange traded products platform includes 53 ETPs with approximately $12 billion in assets under management.