HEWGiShares Currency Hedged MSCI Germany ETF
HEWG 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 a fund of funds that represents a currency hedged-version of the MSCI Germany Index. It specifically holds EWG, a fund that provides exposure to large- and midcap segments of the German equity market, along with currency forwards to mitigate risks associated with the euro currency fluctuations relative to the US dollar. In employing this hedging strategy, the index sells the EUR forward contracts at the one-month forward rate. The fund excludes small-cap companies which are a minor part of the overall market. By neutralizing its exposure to the euro relative to the dollar, investors can expect a purer exposure to German equities. Overall, HEWG gets the equity exposure that EWG provides without the gains or losses from the euro. The hedge resets monthly and the index rebalances on a quarterly basis.
HEWG MSCI ESG Analytics Insight
iShares Currency Hedged MSCI Germany ETF has an MSCI ESG Fund Rating of AA based on a score of 7.84 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 71st percentile within its peer group and in the 10th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HEWG Summary Data
HEWG Portfolio Data
HEWG Index Data
HEWG Portfolio Management
HEWG Tax Exposures
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 Sector/Industry Breakdown
HEWG Top 10 Holdings
HEWG Economic Development
HEWG Performance Statistics
HEWG MSCI ESG Ratings
HEWG Benchmark Comparison Summary
HEWG Benchmark Comparison Market Cap Size