BMW shares jumped 4.2% after CEO Harald Krueger projected slight sales growth for the year on improving conditions in China and Europe.
The iShares MSCI Germany ETF (NYSEArca: EWG), which includes a 19.8% tilt toward consumer discretionary and a 2.7% position in BMW, advanced 3.6% Tuesday.
Additionally, for hedged Germany exposure, investors can turn to 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). On Tuesday, HEWG rose 3.6%, DBGR increased 3.5% and DXGE returned 3.3%.
Looking ahead, investors are waiting on the European Central Bank’s monetary policy decision next week and the Federal Reserve meeting on March 16.
Deutsche X-trackers MSCI EMU Hedged Equity ETF
Max Chen contributed to this article.