I’m contemplating if WEXE is a good hedge against US stock market and if it is also a good hedge against USD( as it trades in EUR and also holds a lot of other international markets in its portfolio making it super diverse).
With this level of diversification though, the alpha of the portfolio takes a big hit for sure! I’m checking on past returns and they claim to deliver around 7% inflation adjusted returns on EUR.
My portfolio is mostly USD and in Mag 7 companies so I’m wondering if this could be a good barbell to my alpha generating part! Not looking to put more than 20% of my portfolio into this.
I would obviously like more alpha and a hedge at the same time but I’m not sure if there any other options listed in the European markets or any other international markets?