Seeking Alpha

WisdomTree currency-hedged German stock fund opens

  • Open for trade today is WisdomTree's (WETF +1.4%) Germany Hedged Equity FUnd (DXGE) - set up to track a WisdomTree dividend-weighted index of German stocks while neutralizing exposure to the euro.
  • WisdomTree is hoping for even a sliver of the success of its Japan Hedged Equity Fund (DXJ), which went from nowhere to nearly the biggest Japan ETF player over the past year as that country pursued a major devaluation of the yen. It also made WisdomTree one of 2013's high-flyers, more than doubling in the year's first six months.
  • Deutsche Bank's DBGR - also hedged against currency swings - has failed to gain much traction, acquiring just $9.5M in AUM after about two years on the market. BlackRock's iShares has its own currency-hedged German stock ETF in the works.
  • Other German ETFs: FGM, EWG, GERJ, EWGS, DBGR, BUNL, BUNT, BUND, GGOV.
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