http://apiprod.etf.internal.com/private/fund/HEWG/fundreport
HEWG

HEWG

iShares Currency Hedged MSCI Germany ETF
CLOSING PRICECHANGE (%)VOLUME
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BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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47
  • Overview
  • Efficiency
  • Tradability
  • Fit

HEWG Fund Description

The iShares Currency Hedged MSCI Germany ETF tracks an index of large- and midcap German stocks, while fully hedging out its exposure to the euro relative to the US dollar.

HEWG Factset Analytics Insight

HEWG is currently the largest currency-hedged Germany ETFs. It competes with Deutsche X-tracker's DBGR and WisdomTree's DXGE, and attempts to provide neutral exposure to the German market. The fund's exclusion of small-caps means the fund tilts large, and is also more concentrated than our neutral benchmark. By neutralizing its exposure to the euro relative to the dollar, investors can expect a "purer" exposure to German equities. This cuts both ways, as HEWG will underperform its unhedged peers when the euro appreciates against the dollar. HEWG has strong on-screen liquidity, and underlying liquidity is stronger than it looks thanks to its chief underlying asset: blockbuster fund EWG. Its fees are reasonable, but investors should note that the fund's currency-hedged approach can result in capital gains distributions.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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HEWG Top 10 Countries

HEWG Top 10 Sectors

HEWG Top 10 Holdings

HEWG Summary Data

BlackRock
iShares
01/31/14
Open-Ended Fund
0.53%
$684.85M
$9.19M
0.04%

HEWG Portfolio Data

$65.33B
19.37
1.76
1.97%
12/04/17
56

HEWG Index Data

MSCI Germany 100% Hedged to USD
Market Cap
Market Cap
MSCI Germany Investable Markets

Related ETFs to HEWG

DBGR, DXGE, EWG, FGM, QDEU
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

HEWG Portfolio Management

0.53%
-0.28%
2.48%
-2.44%

HEWG Tax Exposures

20% / 39.6%
1.17%
Qualified dividends
No

HEWG Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS2,70028.85
3,90028.84
10,40028.83
8,30028.82
5,10028.81
BIDS14,00028.79
11,40028.78
9,10028.77
1,80028.76
1,80028.75
LAST 10 TRADES
TIMEPRICESHARES
10:31:2828.822,200
10:31:2828.82100
09:54:2428.84100
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Bats BZX Real-time Quote - 11:26:00
Daily Spread
Premium/Discount
Volume

HEWG Factset Analytics Block Liquidity

As of 10/20/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEWG. HEWG is rated a 2 out of 5.

HEWG Tradability

333,136
$9.19M
159,172
$4.57M
0.04%
$0.01
-0.01%
0.11% / -0.14%
None
100%
50,000
3.18
0.01%
1.93%
91
$28.82
2

HEWG Sector/Industry BreakdownView All

HEWGSegment Benchmark
17.55% 18.73%
18.18% 18.07%
16.09% 17.57%
13.57% 13.70%
14.65% 12.53%
10.64% 10.24%
3.32% 3.32%

HEWG Top 10 HoldingsView All

HEWG Geographic Exposure

HEWGSegment Benchmark
99.02% 99.25%
0.46% 0.53%
0.20% 0.22%
0.05% --
0.02% --
0.25% --

HEWGSegment Benchmark
99.54% 99.47%
0.46% 0.53%
0.00% / 0.00% 0.00% / 0.00%

HEWG Performance Statistics

0.44
0.65
0.71
0.59
0.57%
MSCI Germany Investable Markets

HEWG BENCHMARK COMPARISON

    HEWG
    56 Holdings
    Segment Benchmark
    169 Constituents
    Shared Holdings
    56 (Count)
     
    88.56% (Weight)
HEWGSegment Benchmark
80.93% 91.40%
14.60% 8.43%
4.21% 0.18%
0.25% 0.00%
2.60% 2.70%