Slightly bolstering these non-currency-hedged Europe ETFs, the euro currency has been strengthening against the U.S. dollar in light of the recent volatility. The CurrencyShares Euro Currency Trust (NYSEArca: FXE) gained 4.7% over the past week. [Safe-Haven Currency ETFs Shine Amid Market Carnage]
However, with the volatility slightly dissipating on Tuesday, the euro currency was losing some of its safe-haven status and weakened against the USD.
Investors can also turn to euro-currency hedged ETFs to help diminish the negative effects of a stronger dollar or weaker euro currency. EUR-hedged Eurozone ETF options include the Deutsche X-trackers MSCI EMU Hedged Equity ETF (NYSEArca: DBEZ), iShares Currency Hedged MSCI EMU ETF (NYSEArca: HEZU) and WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ).
Additionally, for hedged Germany exposure, investors can look at the iShares Currency Hedged MSCI Germany ETF (NYSEArca: HEWG), Deutsche X-trackers MSCI Germany Hedged Equity Fund (NYSEArca: DBGR) and WisdomTree Germany Hedged Equity Fund (NasdaqGM: DXGE). [Investors Prefer Euro Hedged Germany ETFs]
For more information on Europe, visit our Europe category.
Max Chen contributed to this article.