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This ETF Takes the Euro Out of European Dividend Payers

WisdomTree Europe Hedged Equity offers a high-quality portfolio of dividend-paying equities while hedging against currency risk.


Ben Johnson: Long Europe/short the euro has become a popular investment thesis in recent months. This reflects the fact that European equities are currently looking relatively cheap versus their U.S. counterparts. But it's also evidence of investors' desire to take the euro out of their European-equity exposure.

The WisdomTree Europe Hedged Equity ETF (HEDJ) has mushroomed in size over the past twelve months as investors have piled on to this trade. Our preference for this fund over its peers--iShares Currency Hedged MSCI EMU (HEZU) and Deutsche X-trackers MSCI EMU Hedged Equity (DBEZ)--really boils down to a matter of index methodology.

Ben Johnson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.