IShares Currency Hedged MSCI EAFE ETF HEFA is a solid foreign-stock fund. It represents most of the overseas market while effectively eliminating a majority of the currency risk attached to foreign stocks. But its fee is no longer as competitive as it once was, so we are downgrading its Morningstar Analyst Rating to Bronze from Silver.
Will HEFA 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 HEFA’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HEFA 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 HEFA’s parent organization’s priorities and whether they’re in line with investors’ interests.