Ameriprise Financial Inc. cut its holdings in shares of Xtrackers MSCI EAFE Hedged Equity ETF (NYSEARCA:DBEF) by 11.0% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,319,942 shares of the exchange traded fund's stock after selling 1,899,253
On the latest ETF 360, VettaFi Senior Industry Analyst Kirsten Chang was joined by Head of Xtrackers Wealth, US onshore for DWS, Aram Babikian. DWS manages over one trillion AUM across a variety of asset classes.
Xtrackers MSCI EAFE Hedged Equity ETF invests in developed markets excluding the US and Canada and offsets the currency risk for USD-based investors. The DBEF ETF is well diversified across countries, sectors and holdings, with a tilt to Europe and financials. DBEF embeds two bullish bets, on an equity index and the USD.