DBEF, rated overweight by S&P Capital IQ, has seen 2015 inflows of $4.23 billion, a number exceeded by just one other ETF. In mid-October, DBEF had just over $800 million in assets under management. That number grew to $4.6 billion by the end of February. DBEF now has over $6.4 billion in AUM.[Currency Hedged ETF Continues Stellar Growth]
DBEF’s 919 constituents can hail from 21 countries, including the following: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
Of DBEF’s top nine country weights, only Japan and the U.K. have yet to cut interest rates this year. Still, the monetary policies of both countries are accomodative and with Japanese and British stocks combining for almost 41% of DBEF’s weight, it is easy to see why the ETF is up 13% year-to-date. That performance is more than 500 basis points ahead of the unhedged iShares MSCI EAFE ETF (NYSEArca: EFA).
PowerShares DB G10 Currency Harvest Fund