It's Double Win for U.S. Traders Going for Europe Stocks: Chart

(Bloomberg) -- European shares have been on a roll this year, with the Euro Stoxx 50 Index rallying 9.2 percent -- and for American traders, the surge in the region’s currency means they saw almost double the returns. A U.S.-listed exchange-traded fund tracking the equity benchmark has seen more than $1 billion in inflows this year, while another ETF protecting against currency fluctuations has had outflows. MRA head of derivatives strategy Pravit Chintawongvanich recommended bullish options on the non-hedged fund as it may further benefit from gains in both equities and the currency.

To contact the reporter on this story: Cecile Vannucci in London at cvannucci1@bloomberg.net.

To contact the editors responsible for this story: Chris Nagi at chrisnagi@bloomberg.net, Eric Coleman