HEWP

iShares Currency Hedged MSCI Spain ETF
N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

HEWP Fund Description

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

HEWP Factset Analytics Insight

Launched July 1, 2015, HEWP offers no-frills exposure to Spanish stocks with a currency hedge for US investors. The fund holds large and liquid EWP 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. HEWP charges a reasonable fee, but tracking stats won’t be helpful as a gauge of holding costs. The fund’s tracking error will look bad because its NAV is based on the market price of EWP, which can trade when the index’s stock market is closed. In all, HEWP 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
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HEWP Top 10 Countries

HEWP Top 10 Sectors

HEWP Top 10 Holdings

HEWP Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.51%
$25.76M
$1.46M
0.08%

HEWP Portfolio Data

$50.9B
16.14
1.45
3.37%
12/04/17
24

HEWP Index Data

Market Cap
Market Cap
MSCI Spain Investable Markets

Related ETFs to HEWP

EWP
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

HEWP Portfolio Management

0.51%
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--
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HEWP Tax Exposures

20% / 39.6%
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Qualified dividends
No

HEWP Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
13:58:4622.33100
10:35:3922.41400
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Bats BZX Real-time Quote - 20:09:24
Daily Spread
Premium/Discount
Volume

HEWP 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 HEWP. HEWP is rated a 2 out of 5.

HEWP Tradability

64,168
$1.46M
12,273
$278.67K
0.08%
$0.02
-0.01%
0.44% / -0.41%
None
100%
50,000
0.25
0.01%
2.92%
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$22.33
2

HEWP Sector/Industry BreakdownView All

HEWPSegment Benchmark
40.74% 41.51%
11.16% 16.46%
12.92% 10.06%
6.03% 7.20%
5.55% 5.30%
8.99% 5.01%
1.97% 2.53%

HEWP Top 10 HoldingsView All

HEWP Geographic Exposure

HEWPSegment Benchmark
99.07% 97.95%
0.93% 2.05%

HEWPSegment Benchmark
100.00% 100.00%
0.00% / 0.00% 0.00% / 0.00%

HEWP Performance Statistics

0.61
0.77
0.85
0.81
0.59%
MSCI Spain Investable Markets

HEWP BENCHMARK COMPARISON

    HEWP
    24 Holdings
    Segment Benchmark
    69 Constituents
    Shared Holdings
    24 (Count)
     
    82.39% (Weight)
HEWPSegment Benchmark
80.17% 85.50%
16.30% 14.50%
3.29% 0.00%
0.24% 0.00%
3.26% 3.32%
High High