(ESGE) iShares ESG Aware MSCI EM - Ratings and Ratios

The iShares ESG Aware MSCI EM ETF is an exchange-traded fund that tracks an optimized equity index, focusing on emerging market companies with favorable Environmental, Social, and Governance (ESG) characteristics. The funds underlying index is designed to mirror the risk and return profile of the broader MSCI Emerging Markets Index while emphasizing ESG-friendly companies.

The funds investment strategy involves allocating at least 90% of its assets to the constituent securities of the underlying index or investments with similar economic characteristics. This approach enables the fund to provide diversified exposure to emerging markets while adhering to ESG principles.

Analyzing the funds recent performance, we observe a positive trend. The current price of $37.96 is above both its 20-day and 50-day Simple Moving Averages (SMA20: $37.15, SMA50: $35.47), indicating a bullish signal. Furthermore, the funds price is also above its 200-day Simple Moving Average (SMA200: $34.86), reinforcing the positive trend. The Average True Range (ATR) of 0.38, representing a 0.99% daily price movement, suggests relatively stable volatility.

Given the current technical and fundamental data, a forecast for the iShares ESG Aware MSCI EM ETF can be derived. With the funds AUM standing at $4.744 billion, it demonstrates a considerable presence in the market. Considering the positive trend and the fact that the current price is at its 52-week high ($37.96), we can anticipate potential short-term consolidation or a slight pullback. However, if the ESG-focused investment trend continues to gain traction and emerging markets perform well, the fund could see further growth. A potential target could be a 10% increase from the current price, reaching $41.76, assuming the positive trend persists and the funds underlying index continues to attract investors seeking ESG-friendly emerging market exposure.