HEWJ
iShares Currency Hedged MSCI Japan ETFHEWJ Fund Description
HEWJ tracks an index of large- and midcap Japanese stocks, while fully hedging out its exposure to the yen relative to the US dollar.
HEWJ Factset Analytics Insight
HEWJ is literally a currency-hedged version of iShares' blockbuster Japan ETF, EWJ. HEWJ holds EWJ and overlays the ETF holding with forward currency contracts to neutralize its exposure to the yen. EWJ is an exceptionally market-like fund with neutral exposures, so HEWJ's sector biases are minimal. It excludes small-caps and therefore tilts slightly large. Tradability is enhanced by the fact that EWJ is such a massively liquid fund, which makes it easy to trade in small or large blocks. HEWJ's tracking record is distorted by holding EWJ since the stocks in HEWJ's underlying index and EWJ itself (used in HEWJ's NAV) trade at different times and therefore can have very different end-of day prices. Overall, HEWJ gets the equity exposure that EWJ provides without the gains or losses from the yen.
HEWJ MSCI ESG Analytics Insight
iShares Currency Hedged MSCI Japan ETF has an MSCI ESG Fund Rating of A based on a score of 6.32 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 Japan ETF ranks in the 64th percentile within its peer group and in the 67th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HEWJ Charts And Performance
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HEWJ Summary Data
HEWJ Portfolio Data
HEWJ Index Data
HEWJ Portfolio Management
HEWJ Tax Exposures
HEWJ Fund Structure
HEWJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HEWJ. HEWJ is rated a 4 out of 5.
HEWJ Tradability
HEWJ Sector/Industry Breakdown
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HEWJ Top 10 Holdings
HEWJ Countries
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HEWJ Economic Development
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HEWJ Performance Statistics
HEWJ MSCI ESG Ratings
HEWJ Benchmark Comparison Summary
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HEWJ Benchmark Comparison Market Cap Size
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