Since the start of this month, $307.5 million has flowed into the WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ) while investors have pulled almost $472 million from the Vanguard FTSE Europe ETF (NYSEArca: VGK), which is not a hedged product. The db X-Trackers MSCI Europe Hedged Equity Fund (NYSEArca: DBEU), which like HEDJ has previously displayed positive sensitivity to news of a weaker euro, has added $17.6 million this month.
DBEU tracks 16 developed European stock markets, including Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. [Beat Euro Risk With This ETF]
HEDJ is up 4.4% year-to-date, easily outperforming the largest Germany and France single-country ETFs along the way. The Eurozone’s two largest economies combine for almost 50% of HEDJ’s weight. The ETF has more than doubled in size April when WisdomTree announced the fund surpassed $1 billion in assets under management. [Hedged Euro ETF Tops $1B in AUM]
WisdomTree Europe Hedged Equity Fund
Tom Lydon’s clients own shares of HEDJ.