BetaShares Nasdaq 100 ETF – Currency Hedged (ASX:HNDQ)
The BetaShares Nasdaq 100 ETF invests in 100 of the largest non-financial companies listed on the NASDAQ stock exchange (i.e. the USA). This is the currency hedge version of the BetaShares NASDAQ 100 ETF (ASX: NDQ).
What does the HNDQ invest in?
The BetaShares HNDQ ETF invests in only one thing: the BetaShares NASDAQ 100 ETF (ASX: NDQ). The NDQ provides the HNDQ ETF with exposure to the shares of the US-listed companies, then all that BetaShares has to do is hedge the currency for HNDQ investors back into Australian dollars.
What do investors use HNDQ for?
Investors could use the HNDQ ETF to get exposure to the 100 largest technology, communications, industrial and other ‘new age’ style companies listed on the NASDAQ stock exchange. An investor would choose this ETF over the NDQ ETF if they wanted a hedged exposure.
Best ETFs warnings
The following warnings are applied by our team, based on quantitative metrics and our internal methodology. These risks are not exhaustive and therefore they should not be relied upon. Always read the PDS of the function and speak to your financial adviser before acting on this information.
Looking for something better?
This brilliant (and free!) report is issued by Best ETFs Australia, a division of The Rask Group Pty Ltd. It is not a recommendation.
Speak to a financial professional before relying on this information and please read our Financial Services Guide (FSG).