Related: Why You Should Incorporate China ETF Exposure

DBAW allocates 28.2% of its weight to Japan and the U.K. while Eurozone giants France and Germany combine for 14.5% of the fund’s geographic exposure. Overall, European equities account for 46.2% of DBAW’s roster, levering the currency hedged fund to a regional chock full of attractively valued developed markets.

ETF investors can also find more targeted exposure through specific options. For instance, Deutsche X-trackers MSCI Japan Hedged Equity ETF (NYSEArca: DBJP) and Deutsche X-trackers MSCI EMU Hedged Equity ETF (NYSEArca: DBEZ) provide targeted exposure to Japan and the Eurozone, respectively.

For more information on the currency hedging strategy, visit our currency-hedged ETFs category.