Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW)

The Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is an exchange-traded fund that seeks investment results that correspond generally to the performance of the MSCI ACWI ex USA US Dollar Hedged Index. The index includes large and mid-cap companies from developed and emerging market countries, excluding the United States, and hedges its foreign currency exposure back to the U.S. dollar.

DBAW aims to provide investors with exposure to international equities while managing currency risk. By hedging its foreign currency exposure back to the U.S. dollar, the fund seeks to eliminate the impact of currency fluctuations on returns. This can be particularly beneficial for investors who want to avoid the added risk of currency fluctuations when investing in international markets.

Top holdings in the fund include companies such as Nestle SA, Tencent Holdings Ltd., and Samsung Electronics Co., Ltd.

It's important to note that while the hedging strategy used by DBAW can help manage currency risk, it may also limit the fund's upside potential in the event that the U.S. dollar weakens against foreign currencies. Additionally, like all investments, DBAW comes with risk, including the potential for losses if the underlying investments do not perform as expected.