IQ 50 Percent Hedged FTSE Europe ETF
HFXE
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
FRC
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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
- United States of America
- IPO Date
- Jul 22, 2015
- CIK
- 0001415995
- Similar Companies
- Business
- IQ 50 Percent Hedged FTSE Europe ETF (HFXE) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield performance, before fees and expenses, of the FTSE Developed Europe 50% Hedged USD Index. The fund invests at least 80% of its net assets in securities comprising the underlying index, which tracks large- and mid-cap companies domiciled in developed European markets with 50% currency hedging to mitigate euro fluctuations against the U.S. dollar; it holds approximately 578 stocks with top holdings representing 18.42% of assets, diversified across sectors including financials, industrials, and consumer goods. HFXE, issued by IndexIQ ETF Trust (a New York Life Investments company), was launched in July 2015 and listed on NYSE Arca. The ETF targets investors seeking Europe equity exposure with partial currency risk reduction, operating primarily in U.S. markets while providing access to European developed markets including the United Kingdom, Switzerland, Germany, and France. Headquartered through its sponsor in New York, New York, IndexIQ ETF Trust focuses on innovative index-based ETFs, including currency-hedged international equity products alongside hedge fund strategy replications. In recent developments, HFXE ceased trading and liquidated on August 5, 2020, with proceeds distributed to shareholders around August 12, 2020, as part of IndexIQ's portfolio rationalization amid low assets under management. Prior to closure, the fund benefited from fee reductions in 2017, lowering its expense ratio to enhance competitiveness. IndexIQ itself was acquired by New York Life Investment Management in April 2015, integrating its ETF platform into a broader lineup under the MainStay Investments brand.