(WITS) iShares MSCI World - Ratings and Ratios

The iShares MSCI World Information Technology Sector ESG UCITS ETF USD Inc (AS:WITS) is a Netherlands-domiciled exchange-traded fund (ETF) designed to track the performance of the Morningstar Global Technology TME NR USD Index. This index focuses on technology sector equities with an emphasis on environmental, social, and governance (ESG) considerations. The fund is part of the iShares ESG UCITS range, offering exposure to global technology companies that meet specific ESG criteria. It is listed on Euronext Amsterdam (AS) under the ticker symbol WITS and is classified under the Sector Equity Technology category.

From a technical perspective, the ETF exhibits a bullish trend as indicated by its short-term and long-term moving averages. The 20-day moving average (SMA 20) of 12.01 and the 50-day moving average (SMA 50) of 12.71 both trail the current price of 13.07, signaling upward momentum. The 200-day moving average (SMA 200) of 13.42, however, slightly exceeds the current price, suggesting potential resistance. The average trading volume over the past 20 days is 77,944 shares, indicating moderate liquidity. The Average True Range (ATR) of 0.40 reflects relatively low volatility compared to other technology-focused ETFs.

Fundamentally, the ETF manages assets under management (AUM) of $855.33 million USD, demonstrating its appeal to investors seeking ESG-aligned technology sector exposure. The funds holdings are diversified across major global technology companies, providing a balanced portfolio with reduced single-stock risk. This diversification, combined with its ESG focus, positions WITS as a strategic choice for investors aiming to align their portfolios with sustainable development goals while participating in the growth of the technology sector.

Based on the technical and fundamental data, the outlook for WITS is cautiously optimistic. The ETFs price is expected to test the SMA 200 level of 13.42, with potential upside driven by continued strength in the technology sector and ESG-themed investments. Support is anticipated near the SMA 50 level of 12.71, with the ATR of 0.40 suggesting manageable volatility. The funds AUM growth underscores investor confidence, further supporting its prospects in the current market environment.