HEZU

iShares Currency Hedged MSCI Eurozone ETF
LAST TRADECHANGE (%)VOLUME
$29.71-0.05 (-0.17%)595.62K
3:38:49 p.m. (ET) 09/21/2017
BID SIZEBID ($)ASK ($)ASK SIZE
80029.7029.714,100
D

44
  • 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 to 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

HEZU Summary Data

07/10/14
Open-Ended Fund
0.51%
$1.79 B
$23.18 M
0.03%

HEZU Portfolio Data

$58.8 B
23.12
1.65
2.06%
12/04/17
234

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%
-0.18%
3.32%
-2.26%

HEZU Tax Exposures

20.00% / 39.60%
0.21%
Qualified dividends
No

HEZU Fund Structure

Open-Ended Fund
Yes
No
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS1,20029.75
11,60029.74
14,80029.73
14,70029.72
4,10029.71
BIDS80029.70
12,00029.69
14,70029.68
14,20029.67
3,60029.66
LAST 10 TRADES
TIMEPRICESHARES
15:38:4929.71100
15:38:2929.7113
15:38:2929.7123
15:20:3629.70100
15:20:3629.70700
15:02:0929.70100
15:00:2929.70100
15:00:2129.70600
14:53:5529.69100
14:46:2829.69100
Bats BZX Real-time Quote - 15:40:04
Daily Spread
Premium/Discount
Volume

HEZU FactSet Analytics Block Liquidity

As of 09/21/17
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

797,543
$23.18 M
708,469
$20.73 M
0.03%
$0.01
-0.01%
0.14% / -0.22%
None
100.00%
50,000
14.17
0.01%
0.71%
90
$29.76
4

HEZU Performance Statistics

0.39
0.71
0.81
0.62
0.60%
MSCI Europe IMI