- BAML's money manager survey earlier this week showed a rush of money heading into European stocks in wake of the ECB's QE program.
- One possible beneficiary is WisdomTree Investments (NASDAQ:WETF), whose Japan Hedged Equity Fund (DXJ) saw billions of inflows in late 2012 and 2013 as a preferred vehicle for going long Japan but not the yen following the BOJ's massive QE program. The inflows helped WisdomTree become a 3-bagger in 2013.
- Flows now look to be targeting a similar product WisdomTree has for Europe, the Europe Hedged Equity Fund (NYSEARCA:HEDJ). Deutsche has a European hedged equity fund as well, DBEF.
- Previously: BAML on Europe: "Not a single bear left" (Feb. 17)