DBEF
Deutsche X-trackers MSCI EAFE Hedged Equity ETF  |  NYSEARCA
52wk high:28.84
52wk low:22.80
Expense Ratio:0.35%
Div Frequency:Semi-Annually
Div Rate (ttm):0.72
Yield (ttm):2.53%
Assets (AUM):$7.98B
Volume:
  • Jan. 5, 2016, 12:12 PM
    • Schwab (SCHW -1.1%) adds two new providers - Deutsche Asset Management and John Hancock - and 14 new ETFs to its OneSoure platform.
    • Schwab ETF OneSource now offers 226 ETFs from 16 providers with $0 commissions. The platform as of Sept. 30 had $44B in AUM and YTD inflows of $9B.
    • The funds added today (6 from Deutsche, 6 from Hancock, and 2 from Guggenheim): DBEF, DBEM, DBAW, DBEZ, RVNU, HDAW, BSCP, BSJN, JHMC, JHMF, JHMH, JHMT, JHML, JHMM
    Jan. 5, 2016, 12:12 PM | 1 Comment
  • Oct. 6, 2015, 7:43 AM
    • In a note which would have been better-timed before the 6%-plus rally of the past few sessions, Citi strategists say the global bull market is aging, but not finished, and see a 20% gain between now and year-end 2016.
    • Not denying that global earnings aren't going to look good, Citi says stocks have already priced in this weakness.
    • Favored regions are those where QE is still going on: Europe ex-U.K., and Japan.
    • ETFs: EFA, VEA, GAB, IEFA, DBEF, DZK, URTH, DPK, EFZ, EFU, ADRD, MFLA, EFO, HEFA, IDHQ, FDT, FWDI, LLDM, KLDW
    Oct. 6, 2015, 7:43 AM | 3 Comments
  • Jun. 11, 2015, 2:37 AM
    Jun. 11, 2015, 2:37 AM | 6 Comments
  • Apr. 22, 2015, 4:01 PM
    • "After an examination of three of the most successful currency hedged products, we believe first to market is far and away the most important driver of product success," says Susquehanna's Doug Sipkin, bullish on WisdomTree's (NASDAQ:WETF) ability to continue to pull in the lion's share of inflows into currency-hedged ETFs, even with rivals like Deutsche an BlackRock offering competing products.
    • Four of this year's top 10 ETF flow recipients this year are currency hedged, writes Chris Dieterich, with WisdomTree's Europe Hedged Equity Fund (NYSEARCA:HEDJ) pulling in $13B, Deutsche's EAFE Hedged Equity ETF (NYSEARCA:DBEF) $8.7B, WisdomTree's Japan Hedged Equity ETF (NYSEARCA:DXJ) $3.2B, and iShares' Currency Hedged MSCI EAFE ETF (NYSEARCA:HEFA) $2.3B.
    Apr. 22, 2015, 4:01 PM | 1 Comment
  • Apr. 21, 2015, 4:46 PM
    • Not necessarily a bear on American stocks, the global chief investment strategist suggests investors tamp down their return expectations given the rich values, and instead move a little money into cheaper international names.
    • “Investment professionals advocate diversification, but not everyone follows it. And U.S. dollar-based investors are structurally overweight in stocks. Right now it is a timely moment to reduce their allocation."
    • Much of the appreciation in U.S. stocks over the past few years, he says, is due to multiple expansion, rather than earnings growth.
    • ETFs: EFA, VEA, VV, SCHX, IEFA, DBEF, FEX, DZK, JKD, EEH, URTH, DPK, EFZ, EQL, EFU, IWL, ADRD, MFLA, EFO, HEFA, ERW, FWDD, IDHQ, ZLRG, SYE, FDT, FWDI, SBUS
    Apr. 21, 2015, 4:46 PM
  • Apr. 14, 2015, 3:18 PM
    • While many investors cite volatility reduction as a rationale for currency hedging, a white paper from GMO's Catherine LeGraw argues: 1) Volatility may be cut over the short-term, but not over longer horizons; 2) Volatility benefits have been reduced over time as companies become more global; 3) Even if volatility is lowered for international holdings, it isn't reduced for the whole portfolio as the hedging simply makes holdings more correlated with U.S. stocks; 4) Hedging introduces leverage and hence tail risk (see the move in the Swiss franc).
    • WisdomTree (WETF -2.6%) has ridden a couple of star currency-hedged funds - DXJ and HEDJ to big profits.
    • There's also Deutsche's DBEF, and not surprisingly a bunch more have recently come to market like [[DBRE}} and DBIF. BlackRock this week filed for 11 new currency-hedged ETFs.
    • LeGraw: "Currency management is a useful tool when done for the right reasons: because of a high-conviction view, or a desire to mitigate an identified risk exposure. We caution that a simple currency hedging strategy may not achieve these objectives.”
    Apr. 14, 2015, 3:18 PM | 7 Comments
  • Feb. 20, 2015, 11:59 AM
    • 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)
    Feb. 20, 2015, 11:59 AM | 1 Comment
  • Jun. 17, 2014, 11:05 AM
    • The JPMorgan Diversified Return Global Equity ETF (JPGE) started trading earlier today, marking the firm's entrance into the ETF industry.
    • JPGE will track the FTSE Developed Diversified Factor Index, a basket of equities from developed global markets which meet the relative valuation, price momentum, low volatility and market capitalization requirements.
    • While the fund will track this index, it will also include an almost active tilt which may help JPGE outperform traditional market-cap-weighted ETFs.
    • Other broad developed market ETFs: EFA, VEA, IEFA, DZK, DPK, URTH, EFZ, EFU, DBEF, ADRD, MFLA, EFO, IDHQ, IFSM, FDT, HEFA, FWDI
    Jun. 17, 2014, 11:05 AM
  • Apr. 22, 2014, 12:28 PM
    • The EGShares Blue Chip ETF (BCHP) will begin trading on the NYSE Arca April 23rd, tracking the EGAI Developed Markets Blue Chip EM Access Index.
    • The index features even weight exposure to 30 well established, large cap firms in developed markets; including the U.S.
    • Other broad developed market ETFs: EFA, VEA, IEFA, DZK, PIZ, DPK, GWX, URTH, EFZ, EFU, DBEF, MFLA, ADRD, PXF, EFO, FNDF, IFSM, IDHQ, FDT, FWDI, HEFA
    Apr. 22, 2014, 12:28 PM | 1 Comment
  • Feb. 10, 2014, 4:11 PM
    • The db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) has lowered its fee from 1.08% to 0.82%; closer to what other funds charge for similar exposure.
    • The db X-trackers MSCI Japan Hedged Equity Fund (DBJP) and db X-trackers MSCI Germany Hedged Equity Fund (DBGR) has reduced fees from .50% to 0.45%; similar to the firm's other developed market ETFs charge.
    • Other A-Shares ETFs: PEK, CHNA
    • Other Deutsche Bank currency hedged ETFs: DBEF, DBAP, DBUK, DBEU, DBGR, DBEM, DBKO, DBMX, DBAW, DBBR
    Feb. 10, 2014, 4:11 PM
  • Jan. 31, 2014, 6:59 PM
    • The iShares Currency Hedged MSCI Japan ETF (HEWJ) and Germany ETF (HEWG) will hold a portfolio of large- and mid-cap Japanese and German equities (respectively), while mitigating exposure to fluctuations between the value of the Japanese yen and euro (respectively) against the U.S. dollar.
    • The iShares Currency Hedged MSCI EAFE ETF (HEFA) represents a more global approach and will hold a portfolio of large- and mid-cap equities in Europe, Australasia, and the Far East, while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar.
    • This sector of the ETF universe is currently dominated by WisdomTree (WETF) and Deutsche Bank (DB) sponsored funds.
    • Other currency hedged equity ETFs: DBJP, DXJ, HEDJ, DXJS, DXPS, DXGE, DXKW, DBJP, DBEF, DBAP, DBUK, DBEU, DBGR, DBEM, DBKO, DBMX, DBAW, DBBR
    Jan. 31, 2014, 6:59 PM
  • Jan. 22, 2014, 3:45 PM
    Jan. 22, 2014, 3:45 PM
  • Jan. 15, 2014, 4:16 AM
    Jan. 15, 2014, 4:16 AM
  • Jan. 2, 2014, 3:57 PM
    Jan. 2, 2014, 3:57 PM
  • Sep. 12, 2013, 9:10 AM
    • 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.
    Sep. 12, 2013, 9:10 AM
  • Sep. 11, 2013, 3:30 PM
    • The Short Enhanced MSCI EAFE ETN's redemption feature was triggered automatically after recent months of rising global market indices.
    • MFSA offered 2x inverse exposure to global markets, excluding North America, and performed best at the height of the euro crisis.
    • Related funds: EFA, IEFA, VEA, DBEF, ADRD, FDT, URTH, FWDI, FNDF, MFLA, EFO, EFU, DZK, DPK, EFZ, PXF, IDHQ, PIZ
    Sep. 11, 2013, 3:30 PM