So the DAX and CAC40 are down about 3% and this Europe ETF is up 0.31% right now. Do you guys know why this is happening?
eur.usd is up 2.96% as of now, VGK is priced in USD plus VGK closed several hours later than european markets, yesterday as almost every other market day, which should explain the slight extra discrepancy.
There is also a hedged ETF called HEDJ that tracks Europe that could be used in the USA http://www.wisdomtree.com/etfs/fund-details.aspx?etfid=73 "...is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar. In this sense, the Index "hedges" against fluctuations in the relative value of the Euro against the U.S. dollar."