iShares Currency Hedged MSCI Germany ETF
HEWG
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Feb 18, 2014
- CIK
- 0001100663
- Similar Companies
- Business
- iShares Currency Hedged MSCI Germany ETF (HEWG) seeks to track the investment results of an index composed of large- and mid-capitalization German equities, while minimizing the effects of euro-USD currency fluctuations through currency hedging strategies. The ETF, issued by BlackRock's iShares unit, invests primarily in German equity securities and utilizes forward currency contracts and futures to hedge currency risk; it maintains exposure to the MSCI Germany 100% Hedged to USD Index, which reflects the performance of the German equity market adjusted for currency hedging. Launched on January 31, 2014, and domiciled in the United States with management by BlackRock Fund Advisors, the fund targets institutional and retail investors seeking targeted exposure to Germany's developed market equities without unhedged euro risk. HEWG's portfolio typically comprises German large-cap and mid-cap stocks across sectors such as industrials, financials, consumer discretionary, materials, and information technology; holdings are weighted by market capitalization, with currency hedging implemented via one-month rolling forward contracts on the euro. The ETF offers daily liquidity on the NASDAQ exchange, quarterly dividend distributions qualified as such for tax purposes, and an expense ratio of 0.53%; it does not pursue ESG strategies or distribute K-1 forms. In a significant operational change, BlackRock announced the termination and liquidation of HEWG on June 7, 2024, with trading ceasing after market close on August 12, 2024, and the first liquidating distribution of $33.162503 per share paid on August 15, 2024; subsequent distributions followed, settling options by August 22, 2025, as part of BlackRock's portfolio rationalization to align with evolving investor demands. Prior to closure, the fund managed approximately $29.8 million in assets, with holdings concentrated in German equities hedged to USD; no major partnerships, acquisitions, or new product launches were reported in the 1-2 years leading to liquidation. The ETF operated within the broader iShares suite, focusing on Europe equities for North American investors, with geographic exposure limited to Germany hedged to U.S. dollars.