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 Charts And Performance
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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 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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