Tumbling Euro helps hedged ETFs attract most cash in two months

Investors have channeled US$42 billion into currency-hedged funds this year,

The falling euro is proving a benefit for exchange-traded funds that hedge currency risk.

With the euro slumping to its lowest since May, investors last week directed the most money in two months in to the three largest U.S. ETFs that purchase stocks across Europe and control currency fluctuations.

Traders are reviving bets on euro weakness as questions regarding the future of Greece in the common currency gives way to wagers on further divergence between monetary policy in Europe and the U.S. European Central Bank President Mario Draghi a week ago reiterated dedication to providing unprecedented stimulus to the euro area through September 2016.