Investors looking for direct DAX exposure can consider the Recon Capital DAX Germany ETF (NasdaqGM: DAX). With its heavy tilt toward large, multi-national companies, the DAX index benefited earlier in 2015 from a depreciating euro currency. A weaker euro would help support export growth and potentially generate greater revenue from overseas operations for the multi-nationals. DAX, the ETF, is the only U.S.-listed ETF that is a pure DAX index tracking fund. [A Rush to Europe ETFs]
The DAX is Germany’s benchmark equity index. The Deutsche X-trackers MSCI Germany Hedged Equity Fund (NYSEArca: DBGR) is another currency hedged ETF investors can consider. That ETF has surged more than 6% over the past week.
German stocks “look like a really good value. They’ve been beaten up because of concerns around Europe, and that’s the one area we like within Europe,” said Gibbs in the CNBC interview.
iShares MSCI Germany ETF