DBEZ Profile
The XT MSCI Eurozone Hedged Equity ETF (DBEZ) is an exchange-traded fund that tracks the MSCI EMU Index, which measures the performance of companies located in the Eurozone region. The fund uses a hedging strategy to reduce exposure to fluctuations in the value of the euro currency against the U.S. dollar.
By hedging the currency exposure, the fund seeks to provide investors with returns that are more closely aligned with the performance of the underlying Eurozone equities. This may be of interest to investors who want to gain exposure to European equities while minimizing the impact of currency fluctuations on their returns.
The MSCI EMU Index consists of large- and mid-cap companies in the 10 Eurozone countries, including Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal, and Spain. The index is designed to be a broad representation of the Eurozone equity market and includes companies across a range of sectors.
DBEZ is managed by Deutsche Asset Management, one of the largest asset managers in the world, with over $870 billion in assets under management as of September 2021. The ETF has an expense ratio of 0.46%, which is relatively low compared to other actively managed funds.
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