“DBEZ seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EMU IMI U.S. Dollar Hedged Index. DBEZ offers investors purer access to Eurozone equities while seeking to mitigate exposure to currency fluctuations between the U.S. dollar and the euro,” according to the issuer.

DBEZ holds more than 700 stocks and allocates about 60% of its combined weight to Germany and France, the two largest Eurozone economies.

“Economists may still be underestimating the region’s economic recovery, which will help lift earnings by 15 percent this year and allow its exporters overcome any drag from a stronger euro, Citigroup says,” according to Bloomberg.

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