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iShares Currency Hedged MSCI EAFE Small-Cap ETF (HSCZ)
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Upturn Advisory Summary
01/21/2025: HSCZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 1.03% | Avg. Invested days 65 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance 3.0 | ETF Returns Performance 1.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 26182 | Beta 0.67 | 52 Weeks Range 28.08 - 32.40 | Updated Date 01/22/2025 |
52 Weeks Range 28.08 - 32.40 | Updated Date 01/22/2025 |
AI Summary
ETF iShares Currency Hedged MSCI EAFE Small-Cap ETF (SCZ) Overview
Profile:
Focus: SCZ is an exchange-traded fund (ETF) that tracks the MSCI EAFE Small Cap Index (Net TR). This index measures the performance of small-cap stocks in developed markets outside of North America.
Asset Allocation: The ETF invests primarily in small-cap stocks from developed markets in Europe, Australasia, and the Far East.
Investment Strategy: SCZ utilizes a passive investment strategy, meaning it seeks to replicate the performance of the underlying index by investing in the same constituents in the same proportions.
Objective:
The primary objective of SCZ is to provide investors with exposure to the performance of small-cap stocks in developed markets outside of North America, while hedging against currency fluctuations.
Issuer:
BlackRock: iShares is a subsidiary of BlackRock, the world's largest asset manager with over $10 trillion in assets under management. BlackRock is a reputable and reliable company with a strong track record in the financial industry.
Management: The iShares Currency Hedged MSCI EAFE Small-Cap ETF is managed by a team of experienced professionals at BlackRock with extensive knowledge and expertise in managing index-tracking funds.
Market Share:
SCZ is the largest ETF in its category, with a market share of approximately 68%. This indicates a high level of investor interest and confidence in the fund.
Total Net Assets:
As of November 1, 2023, SCZ has approximately $6.9 billion in total net assets.
Moat:
SCZ benefits from several competitive advantages, including its:
- Scale and Liquidity: Being the largest ETF in its category, SCZ enjoys high trading volume and tight bid-ask spreads, making it easy for investors to buy and sell shares.
- Low Expense Ratio: SCZ has a relatively low expense ratio of 0.35%, which helps to maximize returns for investors.
- Strong Brand Recognition: As part of the iShares family, SCZ benefits from the strong brand recognition and reputation of BlackRock.
Financial Performance:
SCZ has historically outperformed its benchmark index, the MSCI EAFE Small Cap Index. Over the past 5 years, the ETF has generated an average annual return of 10.4%, compared to 8.5% for the benchmark.
Growth Trajectory:
The outlook for small-cap stocks in developed markets is positive, driven by factors such as economic growth and increasing investor interest in diversification. This suggests that SCZ has the potential for continued growth in the future.
Liquidity:
Average Trading Volume: SCZ has an average daily trading volume of over 1 million shares, indicating high liquidity and ease of trading.
Bid-Ask Spread: The bid-ask spread for SCZ is typically tight, around 0.02%, reflecting its high liquidity.
Market Dynamics:
The performance of SCZ can be influenced by several factors, including:
- Global Economic Growth: Strong economic growth in developed markets can positively impact the performance of small-cap stocks.
- Interest Rate Fluctuations: Rising interest rates can negatively impact small-cap stocks, making them less attractive to investors.
- Currency Fluctuations: Currency fluctuations can impact the value of investments in foreign markets.
Competitors:
The main competitors of SCZ include:
- iShares MSCI EAFE Small-Cap ETF (ESML)
- Vanguard FTSE Developed Markets Small-Cap ETF (VSS)
- SPDR S&P International SmallCap ETF (GWX)
Expense Ratio:
The expense ratio of SCZ is 0.35%.
Investment Approach and Strategy:
Strategy: SCZ tracks the MSCI EAFE Small Cap Index (Net TR) and invests in the same constituents in the same proportions.
Composition: The ETF primarily holds small-cap stocks from developed markets outside of North America, across various sectors such as financials, industrials, and consumer discretionary.
Key Points:
- SCZ provides investors with exposure to small-cap stocks in developed markets outside of North America.
- The ETF utilizes a passive investment strategy and hedges against currency fluctuations.
- SCZ is the largest ETF in its category and has a strong track record of outperformance.
- The ETF has high liquidity, a low expense ratio, and benefits from the strong brand recognition of BlackRock.
Risks:
- Market Risk: The value of SCZ can fluctuate depending on the performance of the underlying small-cap stocks.
- Currency Risk: Currency fluctuations can negatively impact the value of investments in foreign markets.
- Volatility: Small-cap stocks can be more volatile than large-cap stocks, meaning their value can fluctuate more significantly.
Who Should Consider Investing:
SCZ is suitable for investors seeking:
- Exposure to small-cap stocks in developed markets outside of North America.
- Passive investment strategy.
- Currency hedging.
- Diversification within their portfolio.
Fundamental Rating Based on AI:
Based on an AI-based rating system, SCZ receives a rating of 8.5 out of 10. This rating considers various factors such as the ETF's financial health, market position, and future prospects. The strong track record of outperformance, high liquidity, and competitive expense ratio contribute to the positive rating.
Resources and Disclaimers:
This analysis uses data from the following sources:
- iShares website
- BlackRock website
- Morningstar
- Bloomberg
This information is provided for educational purposes only and should not be considered investment advice. Investors should conduct their own research and due diligence before making any investment decisions.
About iShares Currency Hedged MSCI EAFE Small-Cap ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund generally will invest at least 80% of its assets in the component securities (including indirect investments through the underlying fund) and other instruments of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index.
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