iShares Currency Hedged MSCI Japan ETF (HEWJ)
| Assets | $350.00M |
| Expense Ratio | 0.50% |
| PE Ratio | 17.29 |
| Shares Out | 8.30M |
| Dividend (ttm) | $0.81 |
| Dividend Yield | 1.92% |
| Ex-Dividend Date | Jul 2, 2024 |
| Payout Ratio | 33.49% |
| 1-Year Return | +17.38% |
| Volume | 11,333 |
| Open | 42.07 |
| Previous Close | 42.18 |
| Day's Range | 41.76 - 42.07 |
| 52-Week Low | 33.73 |
| 52-Week High | 45.62 |
| Beta | 0.65 |
| Holdings | 23 |
| Inception Date | Jan 31, 2014 |
About HEWJ
Fund Home PageThe iShares Currency Hedged MSCI Japan ETF (HEWJ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap Japanese stocks, while fully hedging out its exposure to the yen relative to the US dollar. HEWJ was launched on Jan 31, 2014 and is issued by BlackRock.
Top 10 Holdings
200.70% of assets| Name | Symbol | Weight |
|---|---|---|
| iShares MSCI Japan ETF | EWJ | 98.08% |
| JPY/USD Purchased | n/a | 91.05% |
| JPY/USD Purchased | n/a | 10.18% |
| JPY/USD Purchased | n/a | 0.72% |
| JPY/USD Purchased | n/a | 0.59% |
| BlackRock Cash Funds Treasury SL Agency | XTSLA | 0.05% |
| JPY/USD Purchased | n/a | 0.03% |
| USD CASH | n/a | 0.01% |
| JPY/USD Sold | n/a | 0.00% |
| JPY/USD Sold | n/a | 0.00% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 2, 2024 | $0.290 | Jul 8, 2024 |
| Dec 22, 2023 | $0.517 | Dec 29, 2023 |
| Jul 3, 2023 | $0.190 | Jul 10, 2023 |
| Dec 23, 2022 | $0.081 | Dec 30, 2022 |
| Dec 2, 2022 | $12.042 | Dec 8, 2022 |
| Jul 5, 2022 | $0.348 | Jul 11, 2022 |
News
Japan: Hotter Than Expected Inflation, Output Rebound Should Support The BoJ's Policy Normalization
Today's data were a mixed bag, but the Bank of Japan will pay more attention to the sharp rise in Tokyo's inflation. Tokyo consumer prices rose more than expected to 2.6% YoY (vs 2.2% in July, 2.3% ma...
Third Quarter Economy Signals Sought From Flash PMI Data After Japan GDP Shows Rebound
Japan's economy enjoyed a strong second quarter, according to official data, which corroborates recent robust survey data. Gross domestic product rose 0.8% in the three months to June, according to in...
HEWJ: Black Monday Declines Mean Selectivity Is Key
The Nikkei suffered its worst ever one-day slump this morning. There are plenty of technical efforts, and it might have been a perfect storm of slightly negative data that agglomerated together into p...
BoJ Hikes By 25 Bps And Starts QT: Too Little Too Late, But In Right Direction To Prop Up The Plunging Yen
The “real” policy rate is massively negative, with the new policy rate of 0.25% far below Core CPI of 2.6%. When QT reaches about ¥3 trillion per month in 2026, it would represent a reduction of its J...
Escape Velocity: Japan's Drift Toward Sustained Inflation
Japan has been struggling for some time to generate enough velocity in inflation to escape the gravitational pull of deflation. The story for the rest of 2024 and into 2025 is now centered on whether ...
What's The Next Step For The Bank of Japan?
In March, the Bank of Japan abolished its 8-year-old negative interest rate policy, hiking rates for the first time in 17 years by raising its benchmark rate to 0-0.1%. To combat inflation while also ...
Mixed Japanese Data Supports BoJ's Policy Normalization
We'd rather downplay the weaker-than-expected manufacturing data and focus on a solid recovery in retail sales and a reacceleration in inflation, which will be welcomed by the Bank of Japan. Inflation...
HEWJ: The Yen Hedge Is Still Paying Off
The iShares Currency Hedged MSCI Japan ETF has successfully taken advantage of the rise in Japanese indices while avoiding the depreciation of the Yen. The ETF benefits from a weak Yen, particularly i...
What Has Led To Japan's Come-Back?
By end-April 2024, Japanese equities had outperformed the FTSE All-World index over 12 months and in the year to date. Japan has undertaken significant structural corporate reforms in recent years.
Cooler Inflation Ahead Of The Bank of Japan Meeting
Inflation slowed down in March but underlying inflationary pressures are still alive. The BoJ's pause at its next week's meeting is widely expected but markets will pay more attention to the BoJ's qua...
Can Japan's Stock Market Continue Its Record-Setting Run?
Japan's equity benchmark, the Nikkei 225 Index, has been on a tear in 2024, eclipsing its previous high set back in 1989. As of early April, the index is hovering near 40,000. Solid economic growth, a...
The Bank of Japan's New Path Ahead
The Bank of Japan is set to normalise monetary policy when certain conditions are met, namely inflation, positive real cash earnings, and a recovery in domestic demand growth. We expect the window for...
The End Of Japan's Negative Interest Rates: What It Means For Gold
The Bank of Japan's historic move to end the country's negative interest rate policy after nearly two decades triggered a jolt upward to new all-time highs for gold against the yen. The BoJ announced ...
End Of An Era - Bank of Japan Reverses Negative Interest Rate Policy
Kazuo Ueda becomes Governor of the Bank of Japan, continuing the loose monetary policies implemented by his predecessor. The BOJ raises short rates from -0.1% to 0.1%, becoming the last central bank t...
Flash Insights: Bank of Japan - A 'Watchful' Adjustment
The Bank of Japan raised interest rates for the first time since 2007 and has eliminated the yield curve control framework. According to the central bank, the virtuous cycle between wages and prices w...
Flash PMI Signal Cooling Inflation And Stagnating Private Sector Activity In Japan
Japan's private sector activity broadly stagnated in February according to flash PMI data, attributed to a combination of slowing services activity growth and an acceleration in manufacturing output c...
The Rally In Japanese Stocks
Japan's economic growth is projected to decelerate to 0.9% in 2024 and 0.8% in 2025. Government policies have helped the recovery of Japanese stocks and will continue to be a positive factor going for...
Bank of Japan Opens The Door To Ending Negative Rates, But Timing Uncertainty Remains
The Bank of Japan stood pat on monetary policy today as widely expected. But the market is now paying attention to a more positive tone on the wage and inflation outlook, as well as an upgrade to the ...
HEWJ: Not Expensive At All Despite Strong Outperformance
iShares Currency Hedged MSCI Japan ETF has outperformed the S&P 500 index in the past two years. Japan's economy is expected to remain robust in 2024, with a resilient services sector. The Bank of Jap...