HEWL

iShares Currency Hedged MSCI Switzerland ETF
N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

HEWL Fund Description

The iShares Currency Hedged MSCI Switzerland ETF tracks an index of large- and midcap Swiss stocks, hedged against movements in the Swiss franc for US investors.

HEWL Factset Analytics Insight

Launched July 1, 2015, HEWL offers no-frills exposure to Swiss stocks with a currency hedge for US investors. The fund holds large and liquid EWL to provide the equity exposure, which in turn holds the underlying stocks directly. This structure is akin to a Russian doll, rather than a derivative. Still, derivatives are used for the FX hedge: 1-month forward contracts. We see little additional risk from the forwards themselves, which should provide effective, but not perfect, hedging. HEWL charges a reasonable fee, but tracking stats won’t be helpful as a gauge of holding costs. Its tracking error will look bad because its NAV is based on the market price of EWL, which can trade when the index’s stock market is closed. In all, HEWL offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:

HEWL Top 10 Countries

HEWL Top 10 Sectors

HEWL Top 10 Holdings

HEWL Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.51%
$5.44M
$20.82K
0.12%

HEWL Portfolio Data

$125.08B
25.04
2.65
2.93%
12/04/17
33

HEWL Index Data

Market Cap
Market Cap
MSCI Switzerland Investable Markets

Related ETFs to HEWL

EWL, FSZ
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

HEWL Portfolio Management

0.51%
--
--
--

HEWL Tax Exposures

20% / 39.6%
--
Qualified dividends
No

HEWL Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
----
----
----
----
BIDS----
----
----
----
----
LAST 10 TRADES
TIMEPRICESHARES
------
------
------
------
------
------
------
------
------
------
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

HEWL Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

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

HEWL Tradability

568
$20.82K
97
$6.01K
0.12%
$0.03
-0.03%
2.97% / -1.63%
None
100%
50,000
0
0.01%
5.58%
--
$27.64
1

HEWL Sector/Industry BreakdownView All

HEWLSegment Benchmark
31.57% 29.49%
21.76% 21.45%
19.50% 21.12%
10.39% 10.07%
7.14% 8.84%
5.78% 6.83%

HEWL Top 10 HoldingsView All

HEWL Geographic Exposure

HEWLSegment Benchmark
99.89% 100.00%
0.11% --

HEWLSegment Benchmark
100.00% 100.00%
0.00% / 0.00% 0.00% / 0.00%

HEWL Performance Statistics

0.36
0.58
0.56
0.54
0.52%
MSCI Switzerland Investable Markets

HEWL BENCHMARK COMPARISON

    HEWL
    33 Holdings
    Segment Benchmark
    108 Constituents
    Shared Holdings
    33 (Count)
     
    86.80% (Weight)
HEWLSegment Benchmark
131.54 B 125.08 B
86.44% 92.40%
10.09% 7.60%
3.26% 0.00%
0.21% 0.00%
3.05% 3.06%
High High