NYLI FTSE International Equity Currency Neutral ETF (HFXI)
NYLI FTSE International Equity Currency Neutral ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $38.39, up 0.89% on the session, giving a market capitalisation of $1.95B. Its beta of 0.87 implies it has historically moved less than the broad market.
The NYLI FTSE International Equity Currency Neutral ETF (HFXI) aims to mirror the investment performance, encompassing both price changes and yield, of the FTSE Developed ex North America 50% Hedged to USD Index, before accounting for fees and expenses. This underlying index serves as a benchmark for international stocks, specifically excluding those from North America, and strategically hedges approximately half of its foreign currency exposure against the U.S. dollar on a monthly basis. It includes equities from developed nations within Europe, Australasia, and the Far East, primarily focusing on large and mid-sized companies. HFXI is recognized as a key offering designed to help investors expand their stock market participation into global and international spheres, particularly valuable amid prevailing macroeconomic and market instability.
NYLI FTSE International Equity Currency Neutral ETF is most often compared with the following Financial Services names: