BlackRock, Inc. (NYSE: BLK)'s iShares unit, the world's largest issuer of exchange-traded funds, said Thursday it introduced the iShares Currency Hedged JPX-Nikkei 400 ETF (NYSE: HJPX).
The iShares Currency Hedged JPX-Nikkei 400 ETF is the currency hedged answer to the iShares JPX-Nikkei 400 ETF (NYSE: JPXN).
iShares reconfigured an existing ETF into the iShares JPX-Nikkei 400 ETF earlier this year.
Existing ETF Reconfigured: HJPX
“HJPX seeks to track the investment results of the JPX-Nikkei 400 Net Total Return USD Hedged index. The index is a hedged version of JPX-Nikkei 400, a broad-based benchmark composed of large and mid-sized Japanese equities.
“Introduced in January 2014, the index selects companies based on quantitative and qualitative metrics such as return on equity, cumulative operating profit and corporate governance,” according to a statement issued by iShares.
/www.benzinga.com/trading-ideas/long-ideas/15/10/5883144/ishares-introduces-currency-hedged-version-of-topix-400-etf alt=iShares Introduces Currency Hedged Version Of Topix 400 ETF>Full story available on Benzinga.com
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