iShares Currency Hedged MSCI South Korea ETF (HEWY)
iShares Currency Hedged MSCI South Korea ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $23.68, down 0.01% on the session, giving a market capitalisation of $2.3M. Its beta of 1.01 implies it has historically moved more than the broad market.
This ETF's primary objective is to replicate the investment outcomes of the MSCI Korea 25/50 100% Hedged to USD Index. The fund typically commits a minimum of 90% of its assets to the constituent securities of this underlying index, or to other instruments with substantially equivalent economic characteristics, whether through direct holdings or indirect means via other funds. The index itself is predominantly composed of shares traded on the Stock Market Division of the Korea Exchange. A significant feature is the systematic hedging of the currency exposure of these underlying securities to the U.S. dollar, performed on a monthly basis.
iShares Currency Hedged MSCI South Korea ETF is most often compared with the following Financial Services names: