Key Highlights

  • The Macquarie Core Global Equity (Hedged) Active ETF (ASX:MQHG) invests through an unquoted class of an underlying global equity fund.
  • The fund's benchmark is the MSCI World ex Australia ex Tobacco Hedged index in Australian dollars.
  • The fund was admitted to the ASX on 04 December 2025.
  • Units were priced at $11.09 at the last recorded price.

The Macquarie Core Global Equity (Hedged) Active ETF (ASX:MQHG) gives Australian investors access to a diversified portfolio of global shares with currency hedging applied. As of 11 November 2026, the last recorded price was $11.09, and the fund was admitted to the ASX on 04 December 2025. The fund is categorised as Equity World with currency hedging and operates through an underlying fund rather than holding shares directly. The fund's structure places its Assets in a single unquoted class, so its Investment exposure is defined by the underlying fund and its currency overlay.

Ticker

ASX:MQHG

Category

Equity World - Currency Hedged

Benchmark

MSCI World ex Aus ex Tobacco Hedged NR AUD

Admitted to ASX

04 December 2025

Last price

$11.09

Structure and Objective

The fund's stated aim is to outperform its index by an average of 1% per annum before fees and expenses over rolling five-year periods. It seeks this through an unquoted class of the Macquarie Core Global Equity Fund, which is the vehicle that holds the underlying portfolio.

The underlying fund provides exposure to a diversified portfolio of global equities listed, or expected to be listed, on recognised exchanges. It may also use Derivatives and hold cash as part of its management.

The underlying fund holds global equities and may use derivatives and cash. The mix of these instruments is set by the manager and can change over time as the portfolio is managed toward the objective.

Currency Hedging

The hedged designation means the fund seeks to limit the effect of currency movements between the Australian dollar and the currencies in which the underlying shares are priced. Hedging can reduce the influence of Exchange Rate changes on the fund's value, although it does not eliminate the underlying share price risk.

The benchmark is the MSCI World ex Australia ex Tobacco index in Australian dollars, hedged, with the net total return calculation. The index reference therefore reflects both the global share selection and the hedging overlay.

Hedging is applied to the currency exposure of the underlying investments. The result is a return profile that is shaped more by the movement of the underlying shares than by exchange rate changes between the Australian dollar and other currencies.

Listing and Trading

The fund was admitted to the ASX on 04 December 2025,. The trading Volume on the most recent day was 4,747 units, with a bid-offer range of $11.06 to $11.11.

The fund's size is recorded as zero in the current figures, and portfolio composition data is not available in the latest disclosure set. Readers can refer to the fund's product documents for the latest details on its holdings.

The five-year rolling measurement period in the objective sets the time horizon over which the stated aim is assessed, which means short-term movements are not the primary reference for the fund's goal.

Final Word

The fund offers a hedged route into global equities through an underlying Macquarie fund, with the stated aim and benchmark setting out its reference framework. Its short trading history and the structure of the underlying vehicle define the details readers can examine as the fund develops. The fund's underlying fund structure, hedging overlay and five-year objective window give readers a defined set of reference points as the fund builds its trading record.