HSCZ
iShares Currency Hedged MSCI EAFE Small-Cap ETF
📎 Investment Objective
The iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) seeks to track the investment results of an index composed of small-capitalization developed market equities outside the U.S. and Canada, with currency exposure hedged against the U.S. dollar.
Overview
ETF tracking iShares Currency Hedged MSCI EAFE Small-Cap ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ) seeks to track the investment results of an index composed of small-capitalization developed market equities outside the U.S. and Canada, with currency exposure hedged against the U.S. dollar.
🎯 Investment Strategy
The fund employs a passive management strategy, attempting to replicate the performance of the MSCI EAFE Small Cap 100% Hedged to USD Index. It invests primarily in the component securities of the underlying index and uses currency forwards to hedge the currency exposure of the non-U.S. dollar denominated assets in the portfolio.
✨ Key Features
- Provides exposure to small-cap stocks in developed international markets with currency risk hedged against the U.S. dollar
- Passively managed to track the performance of the MSCI EAFE Small Cap 100% Hedged to USD Index
- Low expense ratio of 0.00%
- Limited performance history due to recent inception
⚠️ Primary Risks
- Equity market risk: The value of the stocks in the portfolio may decline due to general market and economic conditions
- Currency risk: Even with the currency hedging, there may be some residual currency exposure that could impact returns
- Small-cap risk: Smaller companies may be more volatile and less liquid than larger, more established companies
- Tracking error risk: The fund may not perfectly track the performance of its underlying index
👤 Best For
This ETF may be suitable for investors seeking exposure to small-cap developed international equities with reduced currency risk, as part of a diversified portfolio. Due to the limited performance history, it may be more appropriate for investors with a longer-term investment horizon.