iShares Currency Hedged MSCI Spain ETF (HEWP) is an exchange-traded fund managed by BlackRock Fund Advisors that seeks to track the investment results of the MSCI Spain 25/50 100% Hedged to USD Index, providing exposure to large- and mid-capitalization Spanish equities while mitigating currency risk from euro fluctuations against the U.S. dollar through derivatives such as forwards. The fund invests in growth and value stocks across diversified sectors and market capitalizations within Spain, offering investors targeted access to the Spanish equity market on a currency-hedged basis; it features a dividend yield of approximately 4.33% and trades on NYSE Arca under the ticker HEWP. Launched on June 29, 2015, as part of the iShares lineup by BlackRock, Inc., the ETF is domiciled in the United States with BlackRock headquartered in New York.
The fund's portfolio reflects key Spanish holdings representative of its benchmark index, focusing on equities from leading companies in sectors such as financials, utilities, and energy. It serves institutional and retail investors seeking single-country exposure to Spain without unhedged euro risk, operating primarily in U.S. markets but tracking Spanish assets. No subsidiaries or parent company relationships beyond BlackRock's iShares brand apply.
Recent performance shows a year-to-date decline amid market conditions, with the share price around $17.50 and no major strategic shifts, partnerships, acquisitions, or product launches specific to HEWP reported in 2024 or 2025; BlackRock has pursued broader iShares expansions, such as active ETF conversions and launches like iShares Dynamic Equity Active ETF, but HEWP remains unchanged in structure and objective.