The iShares Currency Hedged MSCI ACWI ex U.S. ETF (the “Fund”) is an open-end management investment company. The Fund seeks to track the investment results of an index composed of large- and mid-capitalization developed and emerging equities, excluding the U.S., while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar, as represented by the MSCI ACWI ex USA 100% Hedged to USD Index (the “Index”). As of Jul 31 2015, the Fund's total assets were $2,563,053 and the Fund's investment portfolio was valued at $2,493,148. We show 3 historical shares outstanding datapoints in our HAWX shares outstanding history coverage, used to compute HAWX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HAWX market cap history over the course of time is important for investors
interested in comparing HAWX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HAWX versus a peer is one thing; comparing
HAWX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HAWX can fluctuate over the course of history.
With this page we aim to empower investors researching HAWX by allowing them to research the HAWX market cap history. |
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Video: The Importance of Market Cap
