Still, if the unusual options activity flares up again, IPW stands to benefit. So do some other overlooked ETFs.
With the British pound tumbling this year, the Deutsche X-Trackers MSCI United Kingdom Hedged Equity ETF (NYSEArca: DBUK) and the WisdomTree United Kingdom Hedged Equity Fund (NasdaqGM: DXPS) have outpaced the unhedged iShares MSCI United Kingdom ETF’s (NYSEArca: EWU). In fact, DBUK has eked out a year-to-date gain. [Sterling’s Slide Spotlights These ETFs]
Shell and BP combine for over 12% of DBUK’s weight and 13.4% of DXPS.
SPDR S&P International Energy Sector ETF
ETF Trends editorial team contributed to this post.