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July 26, 2011 at 08:00 PM
Falling dollar got you worried? Five new Deutsche Bank ETFs offer hedged exposure to various global currencies.
The new ETFs, along with their corresponding ticker symbols are:
- db-X MSCI Brazil Currency-Hedged Equity Fund (DBBR)
- db-X MSCI Canada Currency-Hedged Equity Fund (DBCN)
- db-X MSCI Japan Currency-Hedged Equity Fund (DBJP)
- db-X MSCI EAFE Currency-Hedged Equity Fund (DBEF)
- db-X MSCI Emerging Markets Currency-Hedged Equity Fund (DBEM)
“Deutsche Bank is filling a need in the marketplace by offering investors direct access to global markets with a built-in hedge against currency fluctuations,” says Martin Kremenstien, the institution’s chief investment and operating officer.
DBBR tracks the MSCI Brazil US Dollar Hedged Index, which provides exposure to Brazilian equity markets and hedges the Brazilian real to the U.S. dollar by selling Brazilian real currency forwards. The annual expense ratio for DBBR is 0.60 percent.
DBCN tracks the MSCI Canada US Dollar Hedged Index, which provides exposure to Canadian equity markets and hedges the Canadian dollar to the U.S. dollar by selling Canadian dollar currency forwards. The annual expense ratio for DBCN is 0.50 percent.
DBJP tracks the MSCI Japan US Dollar Hedged Index, which provides exposure to Japanese equity markets and hedges the Japanese yen to the U.S. dollar by selling Japanese yen forwards. The annual expense ratio for DBJP is 0.50 percent.
