Key Highlights

  • HEUR (ASX:HEUR) gives exposure to 118 eurozone exporters, with the euro hedged back to Australian dollars.
  • Germany at 29.59% and France at 23.47% make up more than half of country exposure.
  • ASML at 11.92%, Siemens at 4.09% and SAP at 3.90% are the largest holdings.
  • Management fees and costs are 0.56%.

Betashares Europe Currency Hedged ETF (ASX:HEUR) traded at $18.19 during the trading session on 30 October 2026, up 0.38%, with 35,614 units traded. HEUR targets eurozone companies that earn much of their revenue overseas, so its stock exposure is built around manufacturers, engineers and technology suppliers that sell into global markets. The euro exposure is hedged back to Australian dollars.

Stock Exposure

The largest positions are ASML at 11.92%, Siemens at 4.09%, SAP at 3.90%, Banco Santander at 3.82% and Schneider Electric at 3.27%. The top ten make up 41.31% of the fund, which is a higher concentration than in the broader eurozone products.

The fund holds 118 companies, so the remaining names still carry meaningful weight beyond the top five.

Sector and Country Mix

Industrials lead at 22.78%, followed by technology at 21.54%, financial services at 16.97%, consumer cyclical at 9.63% and healthcare at 7.06%. Consumer defensive is 6.27% and energy 4.92%.

Germany accounts for 29.59%, France 23.47%, the Netherlands 19.39%, Spain 11.40% and Italy 2.44%. The United States makes up 3.66% of the portfolio, and turnover is 100.07%, reflecting active rebalancing of the export-focused list.

Structure

The fund aims to fully replicate its index, holding each constituent in its index proportion. No annual yield is paid by this fund, so investors looking for distributions should be aware of that difference.

How the Portfolio Is Built

HEUR's index selects eurozone companies that earn a material share of their revenue from exports, then weights the constituents by market value. The fund holds those companies in index proportions and hedges the euro exposure back into Australian dollars using a currency hedge.

The result is a portfolio concentrated in German and French engineering, electronics and technology suppliers that sell into global supply chains. Its exposure to domestic eurozone demand is correspondingly smaller.

Session Trading

HEUR's day range was $18.17 to $18.50, with average daily volume of about 9,451 units. The bid-offer range during the session was $18.17 to $18.19.

Key Facts

The fund was admitted to the ASX on 12 May 2016 and is benchmarked to the S&P Eurozone Exporters Hedged NR AUD index. Its ISIN is AU00000HEUR7, and management fees and costs are 0.56% a year. Fund size is $86.22 million, with 4,758,250 units on issue.

What the Exposure Means

HEUR is a focused stock exposure to European exporters, with German and French manufacturers and technology suppliers at the core. The currency hedge keeps the euro out of the Australian dollar return, leaving the stock selection as the main driver.