iShares Currency Hedged MSCI Switzerland ETF (HEWL)
iShares Currency Hedged MSCI Switzerland ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $30.02, down 0.07% on the session, giving a market capitalisation of $10.4M. Its beta of 0.59 implies it has historically moved less than the broad market.
The iShares Currency Hedged MSCI Switzerland ETF (HEWL) is designed to mirror the financial performance of the MSCI Switzerland 25/50 100% Hedged to USD Index. To achieve this objective, the fund typically commits at least 90% of its assets to the securities that compose this underlying index – either directly, through other investment vehicles, or by holding instruments with nearly identical economic profiles. The index itself is predominantly made up of equities traded on the Zurich Stock Exchange, with a crucial feature being that the inherent currency fluctuation risk of these holdings against the U.S. dollar is systematically hedged on a monthly basis.
iShares Currency Hedged MSCI Switzerland ETF is most often compared with the following Financial Services names: