(DBAW) Xtrackers MSCI All World ex - Ratings and Ratios

The Xtrackers MSCI All World ex U.S. Hedged Equity ETF is designed to track the performance of equity securities in developed and emerging markets, excluding the United States, while mitigating the impact of currency fluctuations between the USD and the currencies of the countries represented in the underlying index. This is achieved through a passive investment approach, focusing on replicating the performance of the underlying index.

By investing at least 80% of its total assets in component securities of the underlying index, the fund provides a diversified exposure to international equities, albeit with a non-diversified structure. This means that while it may hold a large number of securities, the funds performance can be significantly influenced by a smaller subset of its holdings.

Analyzing the technical data, the ETFs current price is $36.12, indicating a strong upward trend as it is above its SMA20, SMA50, and SMA200. The Average True Range (ATR) of 0.68, or 1.89%, suggests a relatively moderate level of volatility. Given the proximity to its 52-week high of $36.44 and the fact that it has consistently stayed above its longer-term moving averages, the technical indicators suggest a potential for continued growth, albeit with a cautious outlook due to its proximity to the 52-week high.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at $169.59M USD. While this is not exceptionally large, it indicates a stable presence in the market. The funds objective to mitigate currency risk while providing exposure to a broad international equity market can be attractive to investors seeking to diversify their portfolios beyond U.S. equities.

Forecasting the performance of DBAW, considering both technical and fundamental data, the ETF is likely to continue its upward trajectory, driven by its strong technical indicators and the underlying trend in international equities. However, the proximity to its 52-week high and the moderate volatility as indicated by the ATR suggest that investors should be prepared for potential short-term fluctuations. A break above the 52-week high could signal further upside potential, while a drop below the SMA50 could indicate a reversal in the short-term trend. Therefore, a cautious optimistic outlook is warranted, with a recommendation to monitor the ETFs price action relative to its moving averages and adjust investment decisions accordingly.