MSCI ACWI vs MSCI ACWI hedged EURTwo ETFs are compared:
SPDR MSCI ACWI UCITS ETF EUR Hedged Acc
iShares MSCI ACWI UCITS ETF Acc
The first ETF followed the MSCI ACWI Index, while the second ETF traded in EURO (for investors in Europe) but denominated in Dollar didn't.
The EURO lost against the Dollar almost the same amount as much as the former unhedged ETF won against the hedged ETF.
Even though the market "fell", the denomination of the ETF is Dollar -> so once it's converted to Euro the price rises for European inves
Long