(WCOD) SPDR MSCI World Consumer - Ratings and Ratios

The SPDR MSCI World Consumer Discretionary UCITS ETF USD Acc (WCOD) is an exchange-traded fund that tracks a composite index comprising 50% MSCI World Consumer Discretionary NR and 50% MSCI World Consumer Staples NR, providing diversified exposure to global consumer sectors.

As a Sector Equity Consumer Goods & Services ETF, WCOD invests in companies involved in producing and selling discretionary goods and services, such as automobiles, luxury goods, and leisure activities, as well as consumer staples, which include essential goods like food, beverages, and household items. This blend offers a unique mix of cyclical and defensive exposure.

With an AUM of 58.03M EUR, WCOD is a relatively small but still viable option for investors seeking international consumer sector exposure. Its listing in the Netherlands makes it accessible to European investors.

From a technical standpoint, WCODs price is currently at 70.36, above its 20-day and 50-day simple moving averages (SMA20: 66.05, SMA50: 65.82), indicating a short-term uptrend. However, its below its 52-week high of 81.78 and near its 200-day moving average (SMA200: 70.12), suggesting potential resistance at this level. The Average True Range (ATR) of 1.79 (2.55% of the current price) indicates moderate volatility.

Combining technical and fundamental insights, a forecast for WCOD could be derived from analyzing its index composition and the current market environment. Given the consumer discretionary and staples sectors sensitivity to economic cycles, a potential economic downturn could impact the funds performance. Conversely, a resilient global economy or a stimulus-driven recovery could boost consumer spending, benefiting the ETF. Based on the current technical indicators and assuming a moderate economic growth scenario, WCOD might see its price stabilize around its 200-day SMA or potentially push higher if it breaks through the resistance. A target price could be estimated around 75-80, representing a 6-14% increase from current levels, contingent on positive macroeconomic and sector-specific developments.