iShares Currency Hedged MSCI Emerging Markets ETF
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index has been developed by MSCI as an equity benchmark for global emerging markets stock performance with the currency risk inherent in the securities included in the underlying index hedged to the U.S. dollar on a monthly basis.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$55M OVER THIS RANGE
Money keeps arriving — +$10M of net buying over the past month, about 3.5% of the fund's asset base, while the price has returned +16.9% so far this year. At 0.70% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | EEMISHARES MSCI EMERGING MARKETS ETF | 99.95% | $65.37 | -2.9% | ||
| 2 | —CASH COLLATERAL USD MSILW (MSINT) - Cash Collateral and Margins | 0.82% | — | — | — | |
| 3 | —CASH COLLATERAL USD HSBSW (HSBBK) - Cash Collateral and Margins | 0.19% | — | — | — | |
| 4 | —KRW/USD (KRW) - Forwards | 0.05% | — | — | — | |
| 5 | —KRW/USD (KRW) - Forwards | 0.04% | — | — | — | |
| 6 | —KRW/USD (KRW) - Forwards | 0.04% | — | — | — | |
| 7 | —KRW/USD (KRW) - Forwards | 0.03% | — | — | — | |
| 8 | —INR/USD (INR) - Forwards | 0.02% | — | — | — | |
| 9 | —INR/USD (INR) - Forwards | 0.01% | — | — | — | |
| 10 | —INR/USD (INR) - Forwards | 0.01% | — | — | — | |
| 11 | —HKD/USD (HKD) - Forwards | 0.01% | — | — | — | |
| 12 | —INR/USD (INR) - Forwards | 0.01% | — | — | — |
| 1 week | -1.2% |
| 1 month | +1.8% |
| 3 months | +0.0% |
| 6 months | +7.7% |
| YTD | +16.9% |
| 1 year | — |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$190K |
| 1 month | +$10M |
| 3 months | +$24M |
| YTD | +$55M |
| 1 year | +$55M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 100.0% of the book; the top ten carry 101%. Spread across 12+ names, it behaves like roughly 1 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
| Most-traded holdings, options premium | Bullish | Bearish |
|---|---|---|
| EEM ISHARES MSCI EMERGING MARKETS ETF | $5M | $14M |
TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES
Due diligence cuts both ways. These funds sit on the same shelf and beat HEEM on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | -65bp on fee · 436× the assets · +$547M in over the month | Head-to-head |
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.7B | +$104M | -66bp on fee · 111× the assets · +$104M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -66bp on fee · 80× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | -66bp on fee · 63× the assets · +$312M in over the month | Head-to-head |
| IEFA iShares Core MSCI EAFE ETF | 0.07% | $195.3B | +$631M | -63bp on fee · 664× the assets · +$631M in over the month | Head-to-head |