Reviewing the industry's recent notable highlights and trends:
U.S. investors are investing record amounts into funds that protect them from the risk that the dollar's world-beating rally will not extend through next year, Bloomberg reports. According to data compiled by Bloomberg, assets invested in U.S. ETFs that hedge currency risk grew 18% since September to $21.2 billion, the largest quarterly increase in the class since mid-2013. Some funds have delivered results, Bloomberg reports: this year the $4 billion WisdomTree Europe Hedged Equity Fund returned 3.1%, but the $7.4 billion, unhedged European fund iShares MSCI EMU ETF tumbled 7.7%. The dollar has rose 3% against 16 of its fellow currencies since June. As a result, U.S.-based ETFs that guard against currency swings for overseas investing has seen growth, numbering 36 from 13 at the beginning of last year, and assets up 42%, totaling $8.9 billion.