Xtrackers MSCI Germany Hedged Equity ETF (DBGR) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the MSCI Germany US Dollar Hedged Index, providing exposure to German large- and mid-cap stocks across diversified sectors while mitigating currency risk from euro fluctuations against the US dollar through forward contracts and other hedging instruments. The ETF employs a full replication strategy, investing directly in the index's constituent securities and derivatives; it distributes dividends semi-annually and maintains a portfolio focused on market-cap weighted holdings predominantly in large-cap companies. Launched on June 9, 2011, and domiciled in the United States as part of DBX ETF Trust, DBGR is issued and managed by DWS, the asset management arm of Deutsche Bank AG with headquarters in Frankfurt, Germany, and operates globally with listings on US exchanges targeting institutional and retail investors seeking hedged European equity exposure.
In February 2024, DWS announced product updates to six US-listed Xtrackers ETFs, including DBGR, as part of ongoing portfolio optimizations amid broader Xtrackers expansion efforts. More recently, in the third quarter of 2025, Xtrackers listed its first ETFs on Nasdaq Stockholm in partnership with digital platform Levler, introducing six funds in Swedish kronor covering global, emerging markets, and thematic exposures like AI and big data to tap retail growth in Scandinavia. Xtrackers, under DWS, also advanced geographic expansion with a new Abu Dhabi branch in October 2025, strengthened Japan ties via Nissay Asset Management's ETF launch on Tokyo Stock Exchange, and launched synthetic S&P and Nasdaq ETFs in September 2025, alongside crypto ETCs with Galaxy Digital in 2024, driving passive inflows of €10.3 billion in Q3 2025. These initiatives reflect DWS's strategy to scale Xtrackers' $167 billion AUM through digital channels, neobrokers, and new markets in Europe, the Middle East, and Asia.