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iShares Currency Hedged MSCI Japan ETF (HEWJ)HEWJ
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
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- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: HEWJ (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 16.15% | Upturn Advisory Performance  2 | Avg. Invested days: 52 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 16.15% | Avg. Invested days: 52 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 133816 | Beta 0.45 |
52 Weeks Range 31.98 - 45.62 | Updated Date 09/18/2024 |
52 Weeks Range 31.98 - 45.62 | Updated Date 09/18/2024 |
AI Summarization
iShares Currency Hedged MSCI Japan ETF (HEWJ) Summary:
Profile:
HEWJ is an exchange-traded fund (ETF) that tracks the performance of the MSCI Japan Index, providing exposure to large and mid-cap Japanese stocks while hedging against currency fluctuations.
Objective:
HEWJ aims to provide long-term capital appreciation by replicating the performance of the MSCI Japan Index, net of expenses.
Issuer:
iShares is a leading global provider of exchange-traded funds (ETFs) with over $2.74 trillion in assets under management. iShares is a subsidiary of BlackRock, Inc., the world's largest asset manager.
Reputation and Reliability: BlackRock is a well-established and reputable financial institution with a long history of success. iShares is a leading provider of ETFs, with a strong track record of delivering consistent investment results.
Management: iShares' ETF management team has extensive experience and expertise in the investment management industry.
Market Share: HEWJ is the largest currency-hedged Japan ETF, with approximately $1.8 billion in assets under management.
Total Net Assets: $1.8 Billion
Moat:
- Currency Hedging: HEWJ's currency hedging feature protects investors from fluctuations in the Japanese Yen, mitigating currency risk for non-Japanese investors.
- Size and Liquidity: As the largest currency-hedged Japan ETF, HEWJ offers high liquidity, making it easy to buy and sell shares.
- Low Expense Ratio: HEWJ has a relatively low expense ratio of 0.30%, which means that investors keep more of their returns.
Financial Performance:
HEWJ has historically delivered strong performance, outperforming the MSCI Japan Index in most periods.
Benchmark Comparison: HEWJ's performance has closely tracked the MSCI Japan Index, with slightly lower returns due to the expense ratio.
Growth Trajectory: The Japanese stock market is expected to grow in the long term, supported by factors such as a growing economy and technological innovation.
Liquidity:
- Average Trading Volume: HEWJ has a high average trading volume, exceeding 1 million shares per day, ensuring high liquidity.
- Bid-Ask Spread: The bid-ask spread for HEWJ is typically tight, indicating low trading costs.
Market Dynamics:
The Japanese stock market is influenced by various factors, including economic growth, interest rates, and global economic conditions.
Competitors:
- iShares MSCI Japan ETF (EWJ): 0.42% expense ratio, $6.8 billion in assets
- Vanguard FTSE Japan ETF (VGK): 0.10% expense ratio, $11.1 billion in assets
Expense Ratio: 0.30%
Investment Approach and Strategy:
- Strategy: HEWJ passively tracks the MSCI Japan Index.
- Composition: The ETF holds a diversified portfolio of over 300 Japanese stocks across various sectors, including technology, financials, and industrials.
Key Points:
- Currency-hedged exposure to the Japanese stock market.
- Reputable issuer with a strong track record.
- High liquidity and low expense ratio.
- Potential for long-term capital appreciation.
Risks:
- Market Risk: HEWJ is subject to the risks of the Japanese stock market, including economic slowdowns, interest rate changes, and global events.
- Currency Risk: Even though HEWJ is partially hedged, there is still some residual currency risk.
Who Should Consider Investing:
- Investors seeking exposure to the Japanese stock market without currency risk.
- Investors with a long-term investment horizon.
- Investors comfortable with moderate volatility.
Fundamental Rating Based on AI: 8.5/10
HEWJ receives a high AI-based fundamental rating due to its strong track record, competitive expense ratio, and currency hedging feature. The ETF is well-positioned to benefit from the long-term growth potential of the Japanese stock market.
Resources and Disclaimers:
- iShares HEWJ website: https://www.ishares.com/us/products/etf-product-detail?銘柄=HEWJ
- BlackRock website: https://www.blackrock.com/us/individual/products/ishares-currency-hedged-msci-japan-etf
- Morningstar HEWJ page: https://www.morningstar.com/etfs/xnys/hewj
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares Currency Hedged MSCI Japan ETF
The fund generally will invest at least 80% of its assets in the component securities and other instruments of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Japanese equity market with the currency risk inherent in the securities included in the underlying index hedged to the U.S. dollar on a monthly basis.
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