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BIJH39

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1d
1w
1m

Analysis and statistics

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About

BIJH39.SA refers to the iShares Ibovespa Hedge Fund ETF, an exchange-traded fund listed on the B3 stock exchange in Brazil. It aims to track the performance of the Ibovespa index, but with a hedge against currency fluctuations between the Brazilian Real and the US dollar. This hedging strategy seeks to reduce the impact of currency movements on the fund's returns for investors holding US dollars. The fund invests primarily in Brazilian equities that are part of the Ibovespa index.
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Factors

Underlying Index Performance: The price mirrors the iShares MSCI EM IMI UCITS ETF's performance, so fluctuations in the index directly affect the ETF price.

Supply and Demand: High demand can drive the price above its net asset value (NAV), while increased selling pressure can push it below.

Currency Fluctuations: Currency exchange rates impacts ETF because the stocks traded are listed in different countries.

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