A record $203 million was added to the iShares Currency Hedged MSCI Eurozone ETF Tuesday, ticker HEZU, a fund that outperforms when the single currency weakens. The same day, four massive block trades, which appear to be sells, hit the tape for the Vanguard FTSE Europe ETF. The fund, known as VGK, also tracks European equities but does not hedge against currency risk. And a day earlier, investors pulled $308 million from its similarly unhedged cousin, the iShares MSCI Eurozone ETF, ticker EZU. The takeaway?
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