There are options for investors looking to play U.K. stocks benefiting from the weaker pound, including the Deutsche X-Trackers MSCI United Kingdom Hedged Equity ETF (NYSEArca: DBUK), iShares Currency Hedged MSCI United Kingdom ETF (NYSEArca: HEWU) and the WisdomTree United Kingdom Hedged Equity Fund (NasdaqGM: DXPS).

DXPS has been a stellar performer this year.

The rally in DXPS “underscores greater demand for currency-hedged U.K. equity-focused assets in the aftermath of the Brexit referendum earlier this year. The gains also brings to mind similar standout performance from the ETF’s currency-hedged Japanese and European cousins at the beginning of 2013 and 2015, respectively, which were accompanied by sizeable inflows at those times,” reports Bloomberg.

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In the case of United Kingdom exposure, investors may have found a more “neutral” position with currency-hedged ETFs as the smart-beta strategies have more-or-less reflected the same performance of the underlying U.K. assets, and even the FTSE 100, sans currency risks.

However, potential investors should keep in mind that these currency-hedged ETFs may underperform non-hedged strategies when a foreign currency appreciates against the U.S. dollar, so the investment strategy is not without its risks.

iShares MSCI United Kingdom ETF