List of ETFs Focusing on Germany Listed on U.S. Exchanges
While there is not as wide of selection of ETFs when compared to countries such as China and Japan, there are a handful of choices for investors looking to invest in German ETFs. Here are a few notes regarding this selection of ETFs:
- The iShares ETF (EWG) is the most liquid ETF focusing on Germany. It contains large and mid-sized companies and the index that the ETF is based upon is designed to represent a large percentage of the total German stock market capitalization. Another iShares ETF (HEWG) hedges this ETF and benefits from a strong US dollar in relation to the Euro.
- Regarding hedged ETFs, compared to other countries there are more choices for German hedged ETFs than are available for other countries. Hedged ETFs are often ignored by many investors, but loved by a select few who want exposure to foreign stocks but believe the US dollar will maintain strength against its foreign currency counterpart.
- There are also a handful of ETFs that do not focus exclusively on German but a significant percentage of the ETF is comprised of German companies. Most of these ETFs focus on the Eurozone countries and are generally weighted towards companies from France and Germany.
Focusing on Germany
First Trust Germany AlphaDex ETF (FGM)
iShares MSCI Germany ETF (EWG) (Most traded German ETF)
Recon Capital DAX Germany ETF (DAX) (Based on the German blue chip benchmark index, the DAX)
SPDR MSCI Germany Quality Mix ETF (QDEU)
Small-Cap ETFs
iShares MSCI Germany Small Cap ETF (EWGS)
Currency Hedged
Deutsche X-trackers MSCI Germany Hedged Equity ETF (DBGR)
iShares Currency Hedged MSCI Germany ETF (HEWG)
WisdomTree Germany Hedged Equity ETF (DXGE) (Tilts towards companies with global revenue base)
ETFs that are Weighted Towards German Companies
Deutsche X-trackers MSCI EMU Hedged Equity ETF (DBEZ)
First Trust Eurozone AlphaDex ETF (FEUZ)
iShares Currency Hedged MSCI EMU ETF (HEZU)
SPDR DJ Euro STOXX 50 ETF (FEZ)