However, beyond Germany and Japan, few single-country currency hedged have yet to attract impressive followings. One notable exception is the Deutsche X-trackers MSCI South Korea Hedged Equity ETF (NYSEArca: DBKO), which has seen rapid asset growth this year as the Bank of Korea has lowered interest rates in a bid to weaken the won. [Currency Hedged ETFs Power This Issuer]

iShares also introduced the iShares Currency Hedged MSCI EAFE Small-Cap (NYSEArca: HSCZ), iShares Currency Hedged MSCI ACWI ETF (NYSEArca: HACW) and the iShares Currency Hedged MSCI ACWI ex U.S. ETF (NYSEArca: HAWX).

Over 20 new currency hedged ETFs have debuted this year. Last week, ProShares unveiled the ProShares Hedged FTSE Europe ETF (NYSEArca: HGEU) and the ProShares Hedged FTSE Japan ETF (NYSEArca: HGJP). The SPDR EURO STOXX 50 Currency Hedged ETF (NYSEArca: HFEZ) debuted earlier in June.

Deutsche AWM rolled out the Deutsche X-trackers S&P Hedged Global Infrastructure ETF (NYSEArca: DBIF) and the Deutsche X-trackers Dow Jones Hedged International Real Estate ETF (NYSEArca: DBRE) in April. [New Currency Hedged ETFs Debut]