(IWRD) iShares MSCI World USD - Ratings and Ratios

The iShares MSCI World UCITS ETF USD (Dist) EUR (Ticker: IWRD) is a UCITS-compliant exchange-traded fund designed to track the performance of the Morningstar Global TME NR USD index. Listed on Euronext Amsterdam (AS), this ETF provides exposure to large-cap equity securities across global markets, focusing on developed economies. The fund is structured as a distribution-sharing arrangement, offering regular dividend payouts to investors. With an AUM of 7,378.41M EUR, it represents a significant pool of capital invested in global large-cap equities.

From a technical standpoint, the ETF is currently trading at 67.21 EUR, slightly below its 20-day SMA of 67.46. The 50-day and 200-day SMAs are higher at 72.11 and 72.83, respectively, indicating a potential downtrend in the intermediate to long term. The Average True Range (ATR) of 1.78 suggests moderate volatility. The average daily trading volume of 19,663 shares reflects consistent liquidity but not exceptionally high turnover.

Fundamentally, the ETF is designed to replicate the performance of the Morningstar Global TME NR USD index, which includes equities from developed markets worldwide. As a large-cap blend fund, it invests in companies across various sectors, balancing growth and value characteristics. The funds structure and tracking error are designed to minimize deviations from the underlying index, ensuring close alignment with its benchmark.

3-Month Forecast: Based on the current technical and fundamental data, the ETF is expected to face headwinds in the near term, with the 50-day and 200-day SMAs acting as resistance levels. Support is likely to be found near the 20-day SMA of 67.46. Fundamentally, global macroeconomic conditions, corporate earnings, and central bank policies will be key drivers. If the ATR remains stable, volatility is expected to stay moderate, with potential downside risks tied to broader market sentiment.