Seeking Alpha

iShares to bring currency-hedged ETFs to market

  • WisdomTree's (WETF) blockbuster Japan Hedged Equity Fund (DXJ) may soon be facing stiffer competition as iShares (BLK) files to bring to market the iShares Currency Hedged MSCI Japan ETF. DXJ is the most popular U.S.-listed ETF YTD, bringing in about $8.5B, and now with $10B in AUM.
  • Along with a Japan currency-hedged fund, iShares also files to list the Currency Hedged MSCI Germany ETF and the Currency Hedged MSCI EAFE ETF.
  • Together the three will also challenge Deutsche Bank's suite of hedged funds - Japan (DBJP), Germany (DBGR), and EAFE (DBEF). Summed up, Deutsche's offerings have about $320M in AUM.
  • iShares, of course, has popular non-hedged funds for each of these areas: Japan (EWJ), Germany (EWG), and EAFE (EFA) - together these have about $60B in AUM.
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