ETF Spotlight: DB's Currency-Hedged U.K. ETF | Page 2 of 2 | ETF Trends

The Latest News:

  • The British pound is depreciating against the U.S. dollar, pushing toward its largest weekly drop since July, reports Emma Charlton for Bloomberg.
  • The U.S. dollar is strengthening on an improving economy, which has fueled speculation that the Fed will tighten its monetary policies.
  • “There’s a decline in the pound versus the dollar as the dollar rebounds,” Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd., said in the article. “The U.S. data has signaled some upside to U.S. growth and the market is a bit nervous about whether the Fed could taper sooner than it expects. The U.K. economic outlook is still improving but it’s having less of a positive impact on the pound.”
  • The British pound sterling is trading around 1.5922 GBP per USD.
  • Earlier this week, BP boosted its quarterly dividend by 5.6 percent%, to 9.5 cents a share.
  • BP also said it plans to sell an addition $10 billion worth of assets by 2015, the proceeds from which could be used to reward shareholders, possibly through a larger buyback effort.

db X-trackers MSCI United Kingdom Hedged Equity Fund

Source: Yahoo! Finance

For past stories in this series, visit our ETF Spotlight category.

Max Chen contributed to this article.