HEWG
iShares Currency Hedged MSCI Germany ETFHEWG Fund Description
The iShares Currency Hedged MSCI Germany ETF 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 CHARTS AND PERFORMANCE
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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1 Year
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HEWG Top 10 Countries
HEWG Top 10 Sectors
HEWG Top 10 Holdings
HEWG Summary Data
HEWG Portfolio 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 Tradability
HEWG Sector/Industry Breakdown
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HEWG Countries
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HEWG Regions
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HEWG Economic Development
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HEWG Performance Statistics
HEWG BENCHMARK COMPARISON SUMMARY
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HEWG BENCHMARK COMPARISON MARKET CAP SIZE
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