(WPAB) iShares MSCI World - Ratings and Ratios

The iShares MSCI World Paris-Aligned Climate UCITS ETF USD Acc (WPAB) is an exchange-traded fund that tracks the Morningstar Global TME NR USD index, providing investors with exposure to a diversified portfolio of global large-cap equities. As a Paris-Aligned Climate ETF, WPAB is designed to align with the goals of the Paris Agreement, focusing on companies that demonstrate a commitment to reducing their carbon footprint.

From a technical analysis perspective, WPAB has been trending upwards, with its short-term and medium-term moving averages (SMA20 and SMA50) indicating a positive momentum. The current price of $6.51 is above both the SMA20 ($6.25) and SMA50 ($6.31), suggesting a potential continuation of the uptrend. However, the SMA200 ($6.50) is almost at the current price, which may act as a resistance level. The Average True Range (ATR) of 0.12 (1.86%) indicates a relatively moderate volatility.

Fundamentally, WPAB has a substantial Assets Under Management (AUM) of $378.81M USD, indicating a reasonable level of investor interest and liquidity. As a Global Large-Cap Blend Equity ETF, WPAB provides broad exposure to established companies across various sectors and geographies, potentially reducing idiosyncratic risk.

Combining technical and fundamental insights, a potential forecast for WPAB is that it may continue its upward trend, driven by the ongoing momentum and the underlying fundamentals of the tracked index. If the SMA200 is breached, it could lead to further price appreciation. However, investors should be cautious of potential volatility and monitor the ETFs tracking error and fees. A break below the SMA50 could signal a reversal of the uptrend, warranting a re-evaluation of the investment thesis.