Xtrackers Launches EAFE ETF With 50% Currency Hedge

DWS has launched the Xtrackers MSCI EAFE 50% Hedged Equity ETF (EAFH) on Cboe, offering developed international equity exposure with approximately half of its foreign currency risk hedged back to the U.S. dollar. The fund tracks the MSCI EAFE 50% Hedged to USD Index and is designed as a middle ground between fully hedged and unhedged international equity strategies. By maintaining partial currency exposure, EAFH seeks to reduce the impact of short-term foreign exchange swings while still allowing investors to participate in some currency movements. The ETF expands Xtrackers’ existing lineup of hedged and unhedged international equity products and carries a net and gross expense ratio of 0.20%.