HAWX
iShares Currency Hedged MSCI ACWI ex U.S. ETF
📎 Investment Objective
The iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) seeks to track the performance of an index that provides exposure to global developed and emerging market stocks, excluding the United States, while mitigating the impact of fluctuations in the value of the U.S. dollar relative to other currencies.
Overview
ETF tracking iShares Currency Hedged MSCI ACWI ex U.S. ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) seeks to track the performance of an index that provides exposure to global developed and emerging market stocks, excluding the United States, while mitigating the impact of fluctuations in the value of the U.S. dollar relative to other currencies.
🎯 Investment Strategy
HAWX seeks to track the MSCI ACWI ex USA Index, which includes large and mid-cap stocks across 22 developed and 27 emerging market countries, excluding the U.S. The fund uses currency forwards to hedge the impact of changes in the value of foreign currencies relative to the U.S. dollar.
✨ Key Features
- Provides broad exposure to global stocks outside the U.S. market
- Currency hedging aims to reduce the impact of foreign exchange rate fluctuations
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The value of the fund's holdings may decline due to general market conditions
- Currency risk: Residual currency exposure may still impact returns despite the hedging strategy
- Emerging markets risk: Investing in developing countries may involve greater volatility and liquidity risks
- Tracking error risk: The fund may not perfectly track its underlying index
👤 Best For
HAWX may be suitable for investors seeking broad international equity exposure with reduced currency risk, as part of a diversified portfolio. However, the fund's limited track record means investors should carefully consider its suitability and risks before investing.