In January, European Central Bank President Mario Draghi gave financial markets what they were hoping for when he announced, that the ECB will commence an asset-buying program initially valued at $1.3 trillion.

“According to data from Markit, the impact of the QE announcement was immediate. In the week of Jan. 26th, which followed the announcement, investors poured $3.5 billion into ETFs with European exposure, the strongest week of the year so far,” according to the Journal.

Although the rush to Europe currency hedged ETFs has turned heads, some non-hedged equivalents have also packed on the assets. For example, the SPDR EURO STOXX 50 (NYSEArca: FEZ) has seen $308.4 million worth of 2015 inflows.

FEZ, which tracks the benchmark Euro Stoxx 50 Index, allocates over two thirds of its combined weight to French and German stocks. That highly levers the ETF to the themes of German export growth and French dividend growth, among other positive catalysts. [Dividend Opportunity With the France ETF]

SPDR EURO STOXX 50 Fund

Tom Lydon’s clients own shares of HEDJ.

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