(NUDM) NuShares Trust - Nuveen - Ratings and Ratios

The Nuveen ESG International Developed Markets Equity ETF (NUDM) is an exchange-traded fund that tracks a specific index, aiming to replicate its performance by investing in a representative sample of the indexs constituent securities. The underlying index is designed to identify and include equity securities from developed markets that meet certain Environmental, Social, and Governance (ESG) criteria, as evaluated by MSCI ESG Research, Inc. This approach allows the fund to focus on companies that demonstrate strong ESG practices.

As an ETF categorized under Foreign Large Blend, NUDM offers investors exposure to a diversified portfolio of international equities from developed markets, with a tilt towards companies that adhere to ESG principles. This can be particularly appealing to investors seeking to align their investments with their values or to mitigate ESG-related risks. The funds assets under management (AUM) stand at $507.12 million, indicating a moderate level of investor interest.

Analyzing the technical data, the current price of NUDM is $33.50, with various moving averages (SMA20 at $32.53, SMA50 at $32.16, and SMA200 at $31.48) suggesting a positive trend, as the current price remains above these averages. The Average True Range (ATR) indicates a relatively stable volatility profile, with a 2.00% daily fluctuation. Considering the 52-week high and low ($33.65 and $28.66, respectively), the fund has shown resilience and a potential for growth.

Forecasting the future performance of NUDM involves integrating both technical and fundamental data. Given the current upward trend and the funds ESG focus, which is increasingly gaining traction among investors, a positive outlook can be anticipated. The AUM of $507.12 million provides a stable foundation, and the technical indicators suggest continued growth potential. If the current price maintains its position above the moving averages and volatility remains stable, NUDM could potentially reach or slightly exceed its 52-week high in the near term, driven by sustained investor interest in ESG-compliant investments and the overall market conditions. Therefore, a forecast of $34.00 to $35.00 in the next 6 to 12 months appears plausible, contingent upon favorable market conditions and continued investor appetite for ESG-focused ETFs.