IQ 50 Percent Hedged FTSE Japan ETF (HFXJ)
IQ 50 Percent Hedged FTSE Japan ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $20.18, down 0.49% on the session, giving a market capitalisation of $7.1M. Its beta of 0.76 implies it has historically moved less than the broad market.
This fund primarily aims to broadly match the price appreciation and income generation, before accounting for fees and expenses, of its benchmark, the FTSE Japan 50% Hedged to USD Index. This index serves as a Japanese equity benchmark, designed to mitigate approximately half of its exposure to the Japanese yen against the U.S. dollar on a monthly basis. Under typical market conditions, the fund allocates at least 80% of its net assets, plus any borrowed capital for investment, to the securities and other components included in this underlying index.
IQ 50 Percent Hedged FTSE Japan ETF is most often compared with the following Financial Services names: