iShares Currency Hedged MSCI Japan ETF
HEWJ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Feb 5, 2014
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares Currency Hedged MSCI Japan ETF (HEWJ) seeks to track the investment results of an index composed of large- and mid-capitalization Japanese equities while mitigating exposure to fluctuations between the Japanese yen and the U.S. dollar through currency hedging. The fund, issued by BlackRock under the iShares brand, primarily achieves its objective by investing substantially all of its assets in the iShares MSCI Japan ETF (EWJ), supplemented by Japanese yen/U.S. dollar currency forward contracts to provide full hedging; its top holdings include EWJ at approximately 101% weight and multiple JPY/USD forward positions totaling over 94%. Launched on January 31, 2014, and domiciled in the United States with BlackRock's headquarters in New York, the ETF trades on NYSE Arca and targets investors seeking Japanese equity exposure without yen currency risk, operating in a total market equity segment focused on Japan. The fund employs a representative sampling technique to mirror the MSCI Japan 100% Hedged to USD Index, investing in growth and value stocks across diversified market capitalizations; it maintains a net expense ratio of 0.50% after fee waivers, encompassing a 0.53% management fee offset by waivers, acquired fund fees of 0.50%, and no other expenses. Geographically, it provides exposure exclusively to Japanese equities and currency hedging against the USD, serving institutional and retail investors such as those managed by BlackRock, Partners Capital, Deutsche Bank, Morgan Stanley, and others holding significant shares. No subsidiaries or parent relationships beyond BlackRock, Inc. as sponsor are noted. In recent years, the fund has delivered strong performance with annualized returns of 26.51% over three years, 19.35% over five years, and 12.05% since inception as of late 2025, reflecting robust Japanese market gains net of hedging; year-to-date 2025 total return stands at 16.69%, with 2024 marking 24.87% amid ongoing portfolio rebalancing to track the benchmark. No major partnerships, acquisitions, funding rounds, new product launches, strategic shifts, or reorganizations specific to HEWJ have been reported in the last 1-2 years, with operations remaining stable under BlackRock's iShares platform. Institutional ownership has persisted steadily among major holders like BlackRock and Morgan Stanley.