iShares Currency Hedged MSCI EAFE ETF ( HEFA ) For a broad foreign market play without currency risks, investors could also consider HEFA which focuses on the EAFE region - Europe, Australasia, Far East - for exposure. Click to get this free report DEUTS-XT MS AW (DBAW): ETF Research Reports ISHA-CH MS EAFE (HEFA): ETF Research Reports DEUTS-XT MS EM (DBEM): ETF Research Reports To read this article on Zacks.com click here. The world is heading towards a currency war as a number of countries are choosing loose monetary policies to stimulate the sagging growth and prevent deflationary pressures.