STLA - HEDJ: Hedging The Euro Continues To Reap Relative Rewards
2024-01-23 10:59:41 ET
Summary
- European equities have performed well alongside US stocks, though the US Dollar Index has rallied lately.
- A dip in the euro currency since late December usually pressures ex-US stocks, but hedging against that risk can pay off.
- The WisdomTree Europe Hedged Equity Fund ETF is a solid choice for active investors seeking to reduce non-US equity exposure.
- HEDJ features a low earnings multiple and strong share-price momentum, and I highlight key price levels to monitor.
European equities have quietly performed well along with US stocks. While 2024 has featured a return to what drove markets over the first seven months of last year, AI and the growth trade, what is a bit different this time is that we are not seeing significant negative alpha among the major European Bourses. Another macro turn of events impacting global investors is the rise in the greenback since late December....
HEDJ: Hedging The Euro Continues To Reap Relative Rewards