iShares Currency Hedged MSCI Italy ETF (HEWI)
iShares Currency Hedged MSCI Italy ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $15.70, down 0.54% on the session, giving a market capitalisation of $1.5M. Its beta of 1.14 implies it has historically moved more than the broad market.
This investment product aims to mirror the performance of the MSCI Italy 25/50 100% Hedged to USD Index. To accomplish this, the fund generally commits at least 90% of its capital to assets that track the underlying index, including direct holdings, investments through other funds, or instruments with comparable economic characteristics. The index itself is primarily built from equity securities traded on the Milan Stock Exchange, with a crucial feature being the systematic, monthly hedging of the currency exposure against the U.S. dollar.
iShares Currency Hedged MSCI Italy ETF is most often compared with the following Financial Services names: