HEWJ
iShares Currency Hedged MSCI Japan ETF
📎 Investment Objective
The iShares Currency Hedged MSCI Japan ETF (HEWJ) seeks to track the investment results of an index composed of Japanese equities, with currency exposure hedged to the U.S. dollar.
Overview
ETF tracking iShares Currency Hedged MSCI Japan ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares Currency Hedged MSCI Japan ETF (HEWJ) seeks to track the investment results of an index composed of Japanese equities, with currency exposure hedged to the U.S. dollar.
🎯 Investment Strategy
HEWJ seeks to track the MSCI Japan 100% Hedged to USD Index, which measures the performance of the Japanese equity market with its currency exposure hedged to the U.S. dollar. The fund uses derivatives to hedge the currency exposure of the underlying Japanese stocks, aiming to provide returns that closely match the local currency performance of the Japanese market.
✨ Key Features
- Provides exposure to large- and mid-cap Japanese equities with currency risk hedged to the U.S. dollar
- Uses derivatives to hedge currency fluctuations, potentially reducing volatility compared to unhedged Japanese equity funds
- Low expense ratio of 0.00%
- Suitable for investors seeking Japanese market exposure with reduced currency risk
⚠️ Primary Risks
- Equity market risk: The value of the fund's shares will fluctuate with the Japanese stock market
- Currency hedging risk: The hedging strategy may not perfectly offset currency movements, leading to residual currency exposure
- Liquidity risk: As a newer fund, HEWJ may have lower trading volume and liquidity compared to more established ETFs
- Concentration risk: The fund is concentrated in Japanese equities, making it susceptible to country-specific economic and political risks
👤 Best For
HEWJ may be suitable for investors seeking exposure to the Japanese equity market with reduced currency risk, as part of a diversified portfolio. The fund may be of particular interest to U.S.-based investors looking to gain Japanese market exposure while mitigating the impact of fluctuations in the yen-dollar exchange rate.