iShares Adaptive Currency Hedged MSCI Eurozone ETF (DEZU)
iShares Adaptive Currency Hedged MSCI Eurozone ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $26.11, up 0.83% on the session, giving a market capitalisation of $2.7M. Its beta of 1.00 implies it has historically moved less than the broad market.
This ETF is designed to replicate the investment outcomes of the MSCI EMU Adaptive Hedge to USD Index. The fund generally commits at least 90% of its assets to the component securities of this index or to other financial instruments that offer highly similar economic characteristics. The index itself serves as an equity benchmark for countries within the European Monetary Union (EMU). A distinguishing feature of the index is its systematic, dynamic hedging of the foreign currency exposure of its underlying securities against the US Dollar, a process determined by four currency risk indicators: carry, momentum, value, and volatility.
iShares Adaptive Currency Hedged MSCI Eurozone ETF is most often compared with the following Financial Services names: