“With analysts expecting the economy of the European Monetary Union (EMU) to display barely any energy, the ECB’s aggressive policy decision to drive a key lending rate into negative territory marks the first time a major G-7 central bank has undertaken such a bold measure to establish a floor for inflation,” said S&P Capital IQ.

DBEU, which is rated marketweight by S&P, swelled in popularity in the weeks leading up to the European Central Bank meeting earlier this month. Along with a significant increases in daily turnover, DBEU has pulled in $151.5 million of its nearly $185 million in assets under management just this quarter. [Ahead of ECB, Investors Piled Into These ETFs]

Over 45% of the ETF’s weight is allocated to Eurozone countries, positioning DBEU to benefit from a weaker euro. However, the fund would receive an added lift the dollar materially strengthened against sterling, the Swiss franc or the Nordic currencies. DBEU is up 6.2% in the past 90 days.

db X-Trackers MSCI Europe Hedged Equity Fund