(BINV) 2023 Series Trust - Ratings and Ratios

The 2023 ETF Series Trust - Brandes International ETF (BATS:BINV) is an actively managed exchange-traded fund that focuses on investing in equity securities of foreign companies, typically targeting those with a market capitalization exceeding $5 billion at the time of purchase. This investment strategy is geared towards tapping into the potential of large-cap foreign companies, providing a diversified portfolio for investors seeking exposure to international markets.

As an ETF categorized under Foreign Large Value, BINV offers investors a chance to capitalize on the value investment approach in foreign markets. The funds management team actively selects securities, aiming to outperform the broader market by identifying undervalued companies with strong growth potential. With its assets under management (AUM) standing at $208.87 million USD, the fund has established a presence in the ETF market, attracting investors looking for a value-driven international investment strategy.

Analyzing the technical data, the current price of $34.74 indicates a positive trend, as it is at its 52-week high. The short-term and long-term moving averages (SMA20 at $33.54, SMA50 at $33.29, and SMA200 at $31.62) suggest a bullish outlook, with the price consistently trading above these averages. The Average True Range (ATR) of 0.65, or 1.87%, indicates moderate volatility. Based on this technical analysis, a potential forecast could be a continued upward trend, with potential resistance levels to be tested in the near future.

Combining the technical analysis with fundamental data, the outlook for BINV appears positive. The funds investment strategy, focused on large-cap foreign companies, positions it well to capitalize on global market trends. With its AUM and the current market price at a 52-week high, the fund is likely to continue attracting investors. A forecast based on both technical and fundamental data suggests that BINV could see further growth, potentially reaching new highs as it continues to benefit from its value investment approach and the overall market conditions. A potential price target could be around $36.50, representing a 5% increase from the current price, assuming the bullish trend continues and the fund maintains its investment strategy.