(WPAD) iShares MSCI World - Ratings and Ratios

The iShares MSCI World Paris-Aligned Climate UCITS ETF USD Inc (WPAD) is a globally diversified equity ETF that tracks the Morningstar Global TME NR USD Index, providing investors with exposure to large-cap companies worldwide. As a Paris-aligned climate ETF, its investment strategy is designed to support the goal of limiting global warming to well below 2°C and to pursue efforts to limit it to 1.5°C above pre-industrial levels.

With its roots in the Netherlands, WPAD is categorized under Global Large-Cap Blend Equity, indicating its investment in a broad spectrum of large-cap stocks across different geographies and sectors. The fund is managed by Blackrock, one of the worlds largest and most reputable asset management companies, accessible through their official website (http://www.blackrock.com).

Analyzing the ETFs recent performance, the last price stands at $6.41, indicating a positive trend as it is above both its 20-day Simple Moving Average (SMA20) of $6.08 and its 50-day Simple Moving Average (SMA50) of $6.02. The Average True Range (ATR) of 0.11, or 1.74%, suggests moderate volatility. Given the current price is below the 52-week high of $6.52 but above the 52-week low of $5.36, it indicates a relatively stable performance over the past year.

From a fundamental perspective, the Assets Under Management (AUM) for WPAD stand at $142.23 million USD, indicating a reasonable size that can provide liquidity without being overly large. This size can be beneficial for investors looking for a diversified portfolio without the ETF being too cumbersome to manage or too small to be viable.

Forecasting the future performance of WPAD involves analyzing both its technical indicators and fundamental data. Given that the ETF is above its SMA20 and SMA50 but below its SMA200 of $6.18, it suggests a potential resistance level at $6.18. If the ETF can break through this resistance, it may signal a further upward trend. Additionally, the relatively moderate volatility as indicated by the ATR suggests that significant price swings are less likely, making it a potentially stable investment for those looking for global equity exposure. With the global push towards climate change mitigation, a Paris-aligned ETF like WPAD is likely to attract more investors, potentially driving up its price. Therefore, a forecast based on current data suggests a cautiously optimistic outlook for WPAD, with a potential target of reaching or slightly surpassing its SMA200 in the near term, assuming the global equity market and climate-focused investment trends continue positively.