HEWG
iShares Currency Hedged MSCI Germany ETFHEWG Fund Description
HEWG tracks an index of large- and midcap German stocks, while fully hedging out its exposure to the euro relative to the US dollar.
HEWG Factset Analytics Insight
HEWG is currently the largest currency-hedged Germany ETFs. It competes with Deutsche X-tracker's DBGR and WisdomTree's DXGE, and attempts to provide neutral exposure to the German market. The fund's exclusion of small-caps means the fund tilts large, and is also more concentrated than our neutral benchmark. By neutralizing its exposure to the euro relative to the dollar, investors can expect a "purer" exposure to German equities. This cuts both ways, as HEWG will underperform its unhedged peers when the euro appreciates against the dollar. HEWG has strong on-screen liquidity, and underlying liquidity is stronger than it looks thanks to its chief underlying asset: blockbuster fund EWG. Its fees are reasonable, but investors should note that the fund's currency-hedged approach can result in capital gains distributions.
HEWG MSCI ESG Analytics Insight
iShares Currency Hedged MSCI Germany ETF has an MSCI ESG Fund Rating of AA based on a score of 7.22 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Currency Hedged MSCI Germany ETF ranks in the 87th percentile within its peer group and in the 16th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HEWG Charts And Performance
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HEWG Summary Data
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HEWG Fund Structure
HEWG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HEWG. HEWG is rated a 2 out of 5.
HEWG Tradability
HEWG Sector/Industry Breakdown
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HEWG Performance Statistics
HEWG MSCI ESG Ratings
HEWG Benchmark Comparison Summary
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HEWG Benchmark Comparison Market Cap Size
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