HEZU

iShares Currency Hedged MSCI Eurozone ETF
CLOSING PRICECHANGE (%)VOLUME
$30.13-0.01 (-0.02%)685.53K
3:55:00 p.m. (ET) 05/25/2017
POST-MARKET SESSION
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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Overall Rating

D

38
as of 05/25/17

Rating Details

62
89
38
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

HEZU Fund Description

The iShares Currency Hedged MSCI Eurozone ETF tracks a cap-weighted index of large- and midcap securities from the eurozone, while hedging out its exposure to the euro currency relative to the US dollar.

HEZU FactSet Analytics Insight

HEZU offers straightforward exposure toprovides solid exposure to the eurozone without the currency risk and return eurozone countries, hedged for currency exposure for US investors. By design, it excludes the UK, Switzerland and Sweden, so it doesn’t Fit well with our broad European benchmark. Its currency hedge also contributes the low Fit score.
HEZU literally holds the blockbuster exchange-traded fund, EZU, overlaid with short forward contracts to neutralize euro exposure. This arrangement creates tracking error that’s akin to fair-market valuation of NAV. The tracking error—and HEZU’s low Efficiency score—is caused by the difference in market hours (EZU in New York and the index stocks in Europe) rather than by sloppy portfolio management. On the other hand, using the ultra-liquid EZU as a single holding for creation/redemption purposes significantly reduces hedging costs for market makers, which in turn trickles down to lower overall trading costs to investors. HEZU’s expense ratio isn’t as cheap as some vanilla funds, but is similar to currency-hedged competitors in the segment. Overall, this large and liquid offering provides solid exposure to the eurozone without the currency risk and return.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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HEZU Top 10 Countries View All

HEZU Top 10 Sectors

HEZU Top 10 Holdings View All

HEZU Summary Data

07/10/14
Open-Ended Fund
0.51%
$1.47 B
$27.53 M
0.03%

HEZU Portfolio Data

$56.59 B
23.83
1.67
2.75%
07/06/17
235

HEZU Index Data

MSCI EMU 100% Hedged to USD Index
Market Cap
Market Cap
MSCI Europe IMI

Related ETFs to HEZU

DBEU, DBEZ, HFXE, HGEU, DEZU
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

HEZU Portfolio Management

0.51%
-0.22%
2.84%
-3.15%

HEZU Tax Exposures

20.00% / 39.60%
0.21%
Qualified dividends
No

HEZU Fund Structure

Open-Ended Fund
Yes
No
75% / 25%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5830.1274
15:59:5830.1226
15:59:4230.12100
15:59:1530.12200
15:59:0930.12100
15:59:0930.1226
15:58:4030.12500
15:58:4030.12200
15:58:2630.12100
15:58:2630.12100
Bats BZX Real-time Quote - 16:20:08
Average Spread
Premium/Discount
Volume

HEZU FactSet Analytics Block Liquidity

As of 05/25/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEZU. HEZU is rated a 4 out of 5.

HEZU Tradability

942,503
$27.53 M
693,121
$19.86 M
0.03%
$0.01
-0.01%
2.77% / -0.22%
None
100.00%
50,000
13.86
0.01%
0.80%
90
$30.13
4

HEZU Performance Statistics

0.56
0.71
0.63
0.81
0.73%
MSCI Europe IMI