Xtrackers MSCI All World ex U.S. Hedged Equity ETF (DBAW)

Overview

The Xtrackers MSCI All World ex U.S. Hedged Equity ETF (DBAW) aims to provide investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. It invests in equities of companies located outside the U.S. while hedging against fluctuations in the value of foreign currencies against the U.S. dollar.

Reputation and Reliability

DWS is a reputable global asset manager with a long track record and significant experience in managing ETFs.

Management Expertise

DWS has a dedicated team of experienced portfolio managers and analysts responsible for managing their ETF products.

Goal

The fund seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index.

Investment Approach and Strategy

Strategy: The ETF aims to track a specific index, the MSCI ACWI ex USA US Dollar Hedged Index, which comprises equities from developed and emerging market countries outside the U.S. while hedging currency risk.

Composition The ETF primarily holds stocks of companies located outside the United States.

Market Share: DBAW's market share among currency hedged international equity ETFs is moderate.

Total Net Assets (AUM): 1273400000

Key Competitors

• iShares Currency Hedged MSCI EAFE ETF (HEFA)
• WisdomTree International Hedged Equity Fund (HEDJ)
• Dimensional International Value ETF (DFIV)

Competitive Landscape

The competitive landscape is moderately concentrated, with a few key players dominating the market share. DBAW competes on price, tracking error, and liquidity. DBAW offers broader global coverage compared to HEFA which focuses on EAFE countries. HEDJ focuses on dividend paying companies, differentiating it from DBAW.

Historical Performance: Historical performance data should be sourced from official fund documents and financial data providers. This response cannot provide specific numerical historical data.

Benchmark Comparison: Benchmark comparison should be sourced from official fund documents and financial data providers. This response cannot provide specific numerical historical data.

Expense Ratio: 0.28

Average Trading Volume

The ETF's liquidity, measured by its average trading volume, is moderate.

Bid-Ask Spread

The bid-ask spread is typically narrow, suggesting relatively low trading costs.

Market Environment Factors

Economic indicators in developed and emerging markets, currency fluctuations, and global trade policies can affect DBAW. Sector growth prospects in international markets also play a significant role.

Growth Trajectory

The growth trajectory of DBAW depends on the performance of international equity markets and the effectiveness of its currency hedging strategy. Changes to strategy and holdings are disclosed in fund prospectuses.

Competitive Edge

DBAW offers a cost-effective way to access a broad portfolio of international equities while mitigating currency risk. Its competitive edge lies in its relatively low expense ratio and its comprehensive global exposure. The ETF's hedging strategy can be particularly attractive during periods of heightened currency volatility. The fund's robust trading volume contributes to its liquidity.

Volatility

DBAW's volatility is influenced by the volatility of international equity markets and currency fluctuations.

Market Risk

The ETF is subject to market risk associated with equity investments and the risk of currency hedging strategies, which may not always be perfectly effective.

Ideal Investor Profile

DBAW is suitable for investors seeking international equity exposure while managing currency risk. Investors who are concerned about the impact of currency fluctuations on their international investments may find this ETF appealing.

Market Risk

DBAW is suitable for both long-term investors and active traders seeking to manage currency risk within their portfolios.

The Xtrackers MSCI All World ex U.S. Hedged Equity ETF (DBAW) offers exposure to international equities with a currency hedging strategy. It is a cost-effective way for investors to gain diversified exposure to global markets outside the U.S. while mitigating currency risk. DBAW is suitable for investors who are concerned about the impact of currency fluctuations on their international investments. However, investors should carefully consider the risks associated with international equity investments and currency hedging strategies.

Data Sources:

• DWS Website
• ETF.com
• Morningstar

Disclaimers:

This analysis is for informational purposes only and does not constitute investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market data is subject to change.