iShares Adaptive Currency Hedged MSCI EAFE ETF (DEFA)
iShares Adaptive Currency Hedged MSCI EAFE ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $33.43, down 0.09% on the session, giving a market capitalisation of $6.6M. Its beta of 0.91 implies it has historically moved less than the broad market.
The fund aims to mirror the investment performance of the MSCI EAFE Adaptive Hedge to USD Index. It typically commits at least 80% of its total assets to the individual securities and other financial instruments that make up this index, or to other investments that possess economically comparable traits. The aforementioned index provides a standard measure for non-U.S. equity market performance, and notably, it actively manages the foreign currency risk of its underlying holdings by dynamically hedging them against the U.S. dollar.
iShares Adaptive Currency Hedged MSCI EAFE ETF is most often compared with the following Financial Services names: