10.06.2015 - Europe ETFs are Plunging: Almost Time to Buy?
European stocks, this year’s consensus bet to best the U.S. market, fell for the sixth session in a row on Tuesday, hitting a raft of Europe-themed exchange-traded funds. Declines have been swift. Germany’s benchmark DAX index on Monday fell into a so-called correction, meaning a decline of more than 10% from its recent high. Losses piled up on Tuesday, with the recently launched Recon Capital DAX Germany exchange-traded fund (DAX) sinking another 0.7% in recent trading. The Dax-tracking ETF now lost 8% since April. Currency-hedged Europe ETFs, recipients of staggering inflows and strong performance of late, have been buffeted in recent weeks. Currency-hedged ETFs negate swings in the euro, while unhedged ETFs benefit from a stronger euro and suffer when the euro weakens...............................................Full Article: Source
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