The Globe and Mail reports in its Thursday edition currency-hedged exchange-traded funds saw an uptick in popularity after the Canadian dollar dropped to near 75 U.S. cents last month, a sign that investors could be increasing bets that the loonie will reverse some of its recent losses. The Globe's Clare O'Hara writes investors are turning to bonds and non-Canadian equity ETFs for investment opportunity, with a strong showing in currency hedged ETFs that track the S&P 500. "As the Canadian dollar fell below 75 cents, investors are possibly locking in currency gains or anticipating a reversal," says Daniel Straus, a research analyst with National Bank. "In the past, we have seen a strong preference for the U.S. dollar, and just recently -- as the Canadian dollar has been testing these important psychological support levels -- there has been some question as to whether the U.S. dollar will continue that bull run and there could be some investors who are expecting the Canadian dollar to turn around." Investor demand for U.S. equity was focused on two key funds: BMO S&P 500 Hedged to CAD Index ETF (ZUE) and iShares Core S&P 500 (CAD Hedged) (XSP).