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.
iShares Currency Hedged MSCI EAFE ETF HEFA
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will HEFA outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of HEFA’s parent organization’s priorities and whether they’re in line with investors’ interests.
Foreign developed-markets stocks without currency risk.
