HEWI

iShares Currency Hedged MSCI Italy ETF
N/A

45
*Unless otherwise stated, data provided by FactSet.

HEWI Fund Description

The iShares Currency Hedged MSCI Italy ETF tracks an index of large- and midcap Italian stocks, hedged against movements in the euro for US investors.

HEWI Factset Analytics Insight

Launched July 1, 2015, HEWI offers no-frills exposure to Italian stocks with a currency hedge for US investors. The fund holds large and liquid EWI to provide the equity exposure, which in turn holds the underlying stocks directly. This structure is akin to a Russian doll, rather than a derivative. Still, derivatives are used for the FX hedge: 1-month forward contracts. We see little additional risk from the forwards themselves, which should provide effective, but not perfect, hedging. HEWI charges a reasonable fee, but tracking stats won’t be helpful as a gauge of holding costs. Its tracking error will look bad because its NAV is based on the market price of EWI, which can trade when the index’s stock market is closed. In all, HEWI offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HEWI CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWI -6.49% -9.54% -6.77% -8.65% -1.08% -- --
HEWI (NAV) -6.31% -9.47% -5.77% -7.53% -0.66% -- --
MSCI Italy IMI -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWI Top 10 Countries

HEWI Top 10 Sectors

HEWI Top 10 Holdings

HEWI Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.49%
$2.35M
$17.12K
0.20%

HEWI Portfolio Data

$32.74B
10.89
1.15
3.70%
12/04/18
23

HEWI Index Data

Market Cap
Market Cap
MSCI Italy IMI

HEWI Portfolio Management

0.49%
--
--
--

HEWI Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

HEWI Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEWI Factset Analytics Block Liquidity

As of 10/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEWI. HEWI is rated a 1 out of 5.

HEWI Tradability

876
$17.12K
211
$4.61K
0.20%
$0.03
-0.05%
4.30% / -3.49%
None
100.00%
50,000
0.00
0.01%
3.85%
--
$15.45
1

HEWI Sector/Industry Breakdown


HEWI
Segment Benchmark
26.61%
29.87%
19.97%
15.79%
17.82%
17.42%
14.45%
14.34%
13.10%
12.08%
3.53%
3.15%
1.55%
1.95%

HEWI TOP 10 HOLDINGS

100%

HEWI Countries


HEWI
Segment Benchmark
95.93%
97.15%
4.07%
2.85%

HEWI Regions


HEWI
Segment Benchmark
95.93%
97.15%
4.07%
2.85%

HEWI Economic Development


HEWI
Segment Benchmark
100.00%
100.00%

HEWI Performance Statistics

0.54
0.70
0.72
0.63
0.71%
MSCI Italy IMI

HEWI BENCHMARK COMPARISON HOLDINGS

23
104
23
78.15%

HEWI BENCHMARK COMPARISON SUMMARY


HEWI
Segment Benchmark
23
104
$32.74B
$27.46B
10.89
12.32
1.15
1.10
3.89%
3.69%
--
--

HEWI BENCHMARK COMPARISON MARKET CAP SIZE


HEWI
Segment Benchmark
78.82%
64.40%
21.18%
26.83%
0.00%
8.36%
0.00%
0.41%