Name of ETF: iShares Currency Hedged MSCI Japan ETF
Benchmark Index: MSCI Japan 100% Hedged to USD Index
Ticker Code: HEWJ
Approximate Number of Stocks in this ETF: 310
Types of Stocks Included in this ETF: Large and mid-sized companies from Japan. The index in which this ETF is based upon is a broad-based index designed to represent a significant percentage of the Japanese stock market. Examples of Japanese companies include:
- Toyota Motor Corp.
- Mitsubishi Financial Group
- Softbank Corp.
- Honda Motor Corp.
- Canon Inc.
- Takeda Pharmaceutical Co.
Sector Weightings: The sectors with the most representation (largest weight) have historically been the consumer discretionary, financial and industrial sectors.
Hedged ETF: This is a hedged ETF. When the U.S. dollar is rising in relation to the Yen the returns on this ETF will be higher than a similar non-hedged ETF. Conversely, when the Yen is rising relative to the U.S. dollar the returns on this ETF will be lower than similar non-hedged ETF.
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