HEZU
iShares Currency Hedged MSCI Eurozone ETF of ISHARES TRUST
📎 Investment Objective
The iShares Currency Hedged MSCI Eurozone ETF (HEZU) seeks to track the investment results of an index composed of large- and mid-capitalization equities from developed market countries in the Eurozone, while mitigating exposure to fluctuations between the Euro and the U.S. dollar.
Overview
ETF tracking iShares Currency Hedged MSCI Eurozone ETF of ISHARES TRUST
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares Currency Hedged MSCI Eurozone ETF (HEZU) seeks to track the investment results of an index composed of large- and mid-capitalization equities from developed market countries in the Eurozone, while mitigating exposure to fluctuations between the Euro and the U.S. dollar.
🎯 Investment Strategy
HEZU seeks to track the MSCI Eurozone 100% Hedged to USD Index, which measures the performance of large- and mid-cap stocks from developed market countries in the Eurozone, with currency exposure hedged to the U.S. dollar. The fund uses derivatives to hedge its currency exposure, aiming to provide returns that closely correspond to the underlying equity index, before fees and expenses.
✨ Key Features
- Provides exposure to large- and mid-cap equities in the Eurozone region
- Employs currency hedging to mitigate the impact of exchange rate fluctuations between the Euro and U.S. dollar
- Tracks the MSCI Eurozone 100% Hedged to USD Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Equity market risk: The value of the underlying equities may fluctuate due to changes in the overall stock market
- Currency risk: Residual currency exposure may still impact returns, despite the hedging strategy
- Tracking error risk: The fund may not perfectly track its underlying index
- Liquidity risk: The fund may experience lower trading volume or be less liquid than the underlying securities
👤 Best For
HEZU may be suitable for investors seeking exposure to Eurozone equities 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 European market exposure while mitigating the impact of exchange rate fluctuations.