In a sign of the growing opportunity for ETF sponsors in the hedged currency space, Deutsche Wealth & Asset Management introduced three new currency hedged ETFs Tuesday. That brings the firms lineup of currency hedged ETFs to eight, one of which is the high-flying db X-trackers MSCI Japan Hedged Equity Fund (NYSEArca: DBJP).

DBJP, which hedges the USD/JPY currency pair, has jumped almost 30% this year on the back of Japan’s active efforts to weaken the yen and engineer inflation in the world’s third-largest economy. As foreign governments implement loose monetary policies and the U.S. dollar strengthens, currency-hedged exchange traded funds are becoming a popular, targeted play on international equities. [Currency Hedged ETFs for a Stronger Dollar]

The new ETFs introduced Tuesday by Deutsche include the db X-trackers MSCI Asia Pacific ex Japan Hedged Equity Fund (NYSEArca: DBAP). DBAP tracks the MSCI Asia Pacific ex Japan US Dollar Hedged Index, which is comprised of issues from from Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Singapore, South Korea, the Philippines, Taiwan and Thailand, according to the issuer. The db X-Trackers MSCI Europe Hedged Equity Fund (NYSEArca: DBEU) is another one of the new offerings and that fund will compete directly with the WisdomTree Europe Hedged Equity Fund (NYSE: HEDJ). Last year, WisdomTree restructured HEDJ to offer exposure to potentially undervalued stocks in the region while hedging the currency risk of owning the euro. [Revamped Europe ETF Hedges Euro Risks]

“Hedged equity ETFs have been one of the fastest growing segments of ETFs by assets, and these three new innovative ETFs address this growing demand by providing investors with more complete exposure to investment opportunities in Asia and Europe. Investors now have the ability to manage their currency risk, while capturing the potential growth in these unique slices of the international market,” said Martin Kremenstein, Deutsche Asset & Wealth Management Americas− Head of Passive Asset Management, in a statement.

The db X-trackers MSCI United Kingdom Hedged Equity Fund (NYSEArca: DBUK) will compete with another WisdomTree ETF, the WisdomTree United Kingdom Hedged Equity Fund (NYSEArca: DXPS), which debuted in late June.