Meanwhile, the Deutsche X-trackers MSCI EMU Hedged Equity ETF (NYSEArca: DBEZ) added $2.9 million, iShares Currency Hedged MSCI EMU ETF (NYSEArca: HEZU) saw $50.2 million in inflows and HEDJ saw $12.9 million in inflows over the past week.
“From a growth standpoint, you’re coming from a very low base in Europe,” Neil Azous, founder of the advisory firm Rareview Macro, told CNBC. “And as the repair process continues, the ability for that growth to accelerate from a low base is very much in motion right now.”
Additionally, for Japan exposure, the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) experienced $71.3 million in net inflows, iShares Currency Hedged MSCI Japan ETF (NYSEArca: HEWJ) added $38.9 million and Deutsche X-trackers MSCI Japan Hedged Equity ETF (NYSEArca: DBJP) saw $8.5 million in inflows over the past week.
Azous also argues that investors are shifting out of overweight U.S. positions ahead of a Federal Reserve interest rate hike, which would dampen the outlook on U.S. equities. In contrast, many overseas markets are still engaging in loose monetary policies and implementing quantitative easing policies.
For more information on the global markets, visit our global ETFs category.
Max Chen contributed to this article.