HEWU

iShares Currency Hedged MSCI United Kingdom ETF
N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

HEWU Fund Description

The iShares Currency Hedged MSCI United Kingdom ETF tracks an index of large- and midcap UK stocks, hedged against movements in the pound for US investors.

HEWU Factset Analytics Insight

Launched July 1, 2015, HEWU offers no-frills exposure to UK stocks with a currency hedge for US investors. The fund holds large and liquid EWU 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. HEWU competes directly with Deutsche Bank’s DBUK, which provides comparable exposure for a similar headline fee. Compare trading costs when choosing between the 2 funds, but not tracking stats. HEWU’s tracking error will look bad because its NAV is based on the market price of EWU, which can trade when the index’s stock market is closed. In all, HEWU 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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HEWU Top 10 Countries

HEWU Top 10 Sectors

HEWU Top 10 Holdings

HEWU Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.49%
$13.85M
$252.93K
0.09%

HEWU Portfolio Data

$93.07B
25.40
1.97
4.34%
07/03/18
102

HEWU Index Data

Market Cap
Market Cap
MSCI United Kingdom Investable Markets

Related ETFs to HEWU

DBUK, DXPS, EWU, FLGB, FKU
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

HEWU Portfolio Management

0.49%
-0.71%
1.17%
-4.03%

HEWU Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

HEWU Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEWU Factset Analytics Block Liquidity

As of 02/16/18
5
4
3
2
1

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

HEWU Tradability

10,190
$252.93K
2,715
$68.17K
0.09%
$0.02
-0.01%
0.67% / -0.79%
None
100.00%
50,000
0.05
0.01%
1.52%
--
$23.15
1

HEWU Sector/Industry BreakdownView All

HEWUSegment Benchmark
23.16% 22.94%
16.17% 18.60%
15.86% 17.63%
8.69% 9.19%
9.65% 7.24%
7.15% 6.89%
8.80% 6.85%
1.57% 1.60%
1.49% 0.60%

HEWU Geographic Exposure

HEWUSegment Benchmark
100.00% 100.00%

HEWUSegment Benchmark
100.00% 100.00%
0.00% / 0.00% 0.00% / 0.00%

HEWU Performance Statistics

0.11
0.32
0.50
0.13
0.66%
MSCI United Kingdom Investable Markets

HEWU BENCHMARK COMPARISON

    HEWU
    102 Holdings
    Segment Benchmark
    363 Constituents
    Shared Holdings
    102 (Count)
     
    84.58% (Weight)
HEWUSegment Benchmark
71.11% 84.05%
22.46% 15.95%
6.07% 0.00%
0.36% 0.00%
3.62% 3.81%