IShares Currency Hedged MSCI Eurozone ETF’s HEZU limited scope leaves it focused on a narrow portion of the investment opportunity set available to its Europe stock Morningstar Category peers and poses concentration risk. This will make it difficult for the fund to outperform its peers over the long term, warranting a Morningstar Analyst Rating of Neutral.
Will HEZU outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HEZU’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HEZU management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HEZU’s parent organization’s priorities and whether they’re in line with investors’ interests.