iShares Currency Hedged MSCI Spain ETF (HEWP)
iShares Currency Hedged MSCI Spain ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $17.50, up 0.00% on the session, giving a market capitalisation of $6.0M. Its beta of 0.99 implies it has historically moved less than the broad market.
This fund aims to mirror the investment outcomes of the MSCI Spain 25/50 100% Hedged to USD Index, its designated underlying benchmark. Generally, a minimum of 90% of its capital will be invested directly in the component securities of this index, or in other financial instruments that share substantially identical economic attributes. This can also include indirect exposure gained through an underlying fund. The index itself primarily comprises stocks listed on the Madrid Stock Exchange, with the crucial provision that the inherent currency risk of these Spanish securities is systematically mitigated against the U.S. dollar on a monthly schedule.
iShares Currency Hedged MSCI Spain ETF is most often compared with the following Financial Services names: