iShares Currency Hedged MSCI South Korea ETF
HEWY
New York Stock Exchange Arca- -
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 - Global
- Address
- IPO Date
- Jun 29, 2015
- CIK
- 0001100663
- Similar Companies
- Business
- iShares Currency Hedged MSCI South Korea ETF (HEWY) is an exchange-traded fund that seeks to track the investment results of an index composed of large- and mid-capitalization South Korean equities while minimizing currency risk through hedging the South Korean Won to the U.S. Dollar. The fund generally invests at least 90% of its assets in the component securities of the MSCI Korea 25/50 100% Hedged to USD Index or investments that provide economic exposure to those securities, employing a representative sampling technique; it utilizes derivatives such as currency forwards to mitigate fluctuations between the South Korean Won and the U.S. Dollar. HEWY targets investors seeking exposure to South Korean public equity markets across diversified sectors, including growth and value stocks of companies in various market capitalizations. Launched on June 29, 2015, and domiciled in the United States, the ETF is issued by BlackRock, Inc., through its iShares business unit and managed by BlackRock Fund Advisors. It trades on the NYSE Arca exchange with an expense ratio of 0.59% and has historically maintained a small asset base, recently around $2.37 million with approximately 100,000 shares outstanding. In a significant operational change, iShares Trust - iShares Currency Hedged MSCI South Korea ETF ceased operations and went out of business as of August 20, 2020. No major partnerships, funding rounds, acquisitions, new product launches, or strategic expansions have been reported for HEWY in recent years prior to its closure; the fund experienced low trading volumes and net outflows consistent with its diminished scale.