Jan. 1, 2014 AUM: $7.86 million
2014 inflows: $195 million
2014 Fund Growth: 2,505 percent
DBEU holds over 400 large- and midcap European stocks while neutralizing underlying currency exposure relative to the U.S. dollar. It’s “all Europe” approach means non-eurozone countries like the U.K., Switzerland and Sweden make up a combined 50 percent of its weighting. DBEU’s liquidity has picked up significantly, and it now trades close to $1 million on most days at 18 basis point spreads.
DBEU’s larger competitor, the WisdomTree Europe Hedged Equity ETF (HEDJ | B-49), which targets only eurozone securities, has also had a great year with flows. If Japan currency-hedged ETFs were all the rage in 2013, 2014 is shaping up to be the banner year for currency-hedged Europe ETFs, at least thus far.