As for being at the right place at the right, DBEF allocates a combined 48% of its weight to Japan, the U.K. and Australia. Year-to-date, the CurrencyShares Australian Dollar Trust (NYSEArca: FXA), CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) and the CurrencyShares Japanese Yen Trust (NYSEArca: FXY) are down an average of 6.4%.
DBEF also allocates a combined 36% of its weight to Switzerland and four Eurozone nations, a positive trait in a year in which the CurrencyShares Euro Trust (NYSEArca: FXE) and the CurrencyShares Swiss Franc Trust (NYSEArca: FXF) are each down more than 10%.
DBEF has attracted denizens of new fans for other reasons. Over the 10 years ending in the second quarter of 2014, the hedged equivalents of the MSCI EAFE Index were less volatile than their unhedged counterpart while sporting a higher Sharpe Ratio, according to DAWM data.
Deutsche X-trackers MSCI EAFE Hedged Equity ETF
