Key stats
About iShares Currency Hedged MSCI Germany ETF
Expense ratio
0.53%
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Inception date
Jan 31, 2014
ISIN
US46434V7047
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.
Classification
What's in the fund
Exposure type
Miscellaneous
ETF
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