“Currency hedged ETFs saw inflows of $26.8 billion in Q1 as investors looked to hedge their international equity exposure due to a stronger dollar,” according to BlackRock, parent company of iShares, the world’s largest ETF issuer.
Led by the WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ) and the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (NYSEArca: DBEF), four currency hedged ETFs rank among the top 10 asset-gathering ETFs this year. [ETFs Add $36.1B in March]
It has taken DBEF, the currency hedged answer to the widely followed MSCI EAFE Index, about a month to jump from $6 billion in assets under management to $9 billion. HEDJ is now home to almost $19.3 billion in assets under management after starting this year with $7.8 billion in AUM.
PowerShares DB US Dollar Index Bullish Fund
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of HEDJ.