Currency hedged ETFs have underperformed non-hedged counterpart as the USD weakened.
HEFA pretty much acts like the currency hedged version of the popular iShares MSCI EAFE ETF (EFA). It covers developed countries in Europe, Australasia and the Far East.
HEFA includes a 100% component exposure to EFA. Additionally, HEFA includes currency forward contracts on the Euro currency, Japanese yen, Swiss franc, Australian dollar, British pound sterling, and Swedish krona.
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