DBEU is up 15.4% this year, well ahead of the average gain of 9.5% posted by the rival Vanguard FTSE Europe ETF (NYSEArca: VGK) and the iShares Europe ETF (NYSEArca: IEV).

With a trailing 12-month dividend yield of nearly 4%, which outpaces its aforementioned rivals, DBEU also offers investors exposure to resurgent European dividend growth. Companies across Europe could begin raising cash payouts as the economic outlook improves, corporations see healthier balance sheets and companies enjoy historically low borrowing conditions from quantitative easing, reports Joel Lewin for the Financial Times.

Estimates indicate that in 2014, the 20 largest firms listed on Switzerland’s benchmark Swiss Market Index paid a record $37.2 billion in dividends. In 2014, U.K. firms once again offered excellent dividend growth. Payouts there surged 31% to $135 billion, according to Henderson Global Investors. [Good Timing for This new ETF]

Deutsche X-Trackers MSCI Europe Hedged Equity ETF