HFXI
NYLI FTSE International Equity Currency Neutral ETF
📎 Investment Objective
The NYLI FTSE International Equity Currency Neutral ETF (HFXI) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the FTSE Developed ex North America Hedged to USD Index.
Overview
ETF tracking NYLI FTSE International Equity Currency Neutral ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The NYLI FTSE International Equity Currency Neutral ETF (HFXI) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the FTSE Developed ex North America Hedged to USD Index.
🎯 Investment Strategy
The ETF invests in a portfolio of international equity securities and uses currency forwards to hedge the currency exposure of the underlying securities back to the U.S. dollar. This aims to provide investors with exposure to international developed market equities while mitigating the impact of fluctuations in foreign currency exchange rates.
✨ Key Features
- Provides exposure to international developed market equities outside of North America
- Currency hedged to the U.S. dollar to reduce foreign exchange risk
- Tracks the FTSE Developed ex North America Hedged to USD Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Equity market risk - the value of the underlying international stocks may decline
- Currency hedging risk - the hedging strategy may not perfectly offset currency fluctuations
- Tracking error risk - the fund may not perfectly track its underlying index
- Liquidity risk - this is a relatively new and small ETF with limited trading volume
👤 Best For
This ETF may be suitable for investors seeking exposure to international developed market equities with reduced currency risk. It could be used as a diversification tool within a broader portfolio. Investors should have a medium to long-term investment horizon and be comfortable with the risks associated with equity investing.