“Currency-hedged ETF assets grew 48 percent in 2014 to roughly $20.8 billion, and have grown 1,519 percent over the past two years, according to Deutsche Bank AG, a major player in the space,” reports Reuters.
Earlier this month, it was reported that Guggenheim Investments, the seventh-largest U.S. ETF issuer, is also considering getting into the currency hedge ETF arena. While the currency hedged ETF market could be accepting of new entrants, it is at this point in the U.S. dominated by Deutsche Bank (NYSE: DB) and WisomTree (NasdaqGS: WETF).
The WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ) and the DeutscheX-trackers MSCI EAFE Hedged Equity Fund (NYSEArca: DBEF) are two of this year’s top asset-gathering ETFs.
News of PowerShares’ potential currency hedged foray was originally reported by ETF.com.
ETF Trends editorial team contributed to this post.