(LCTD) BlackRock World ex U.S. - Ratings and Ratios

The BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is designed to surpass the performance of the MSCI World ex USA Index, while incorporating a proprietary carbon transition readiness score (LCETR) developed by BlackRocks research arm, BFA. This score is a crucial metric in evaluating the funds constituents.

The ETF achieves its objective by selecting securities that are part of the MSCI World ex USA Index, which comprises large- and mid-cap stocks from developed markets outside the United States. The funds strategy involves optimizing its portfolio based on the LCETR scores, which indicates its focus on companies that are better positioned for the transition to a lower-carbon economy.

Analyzing the funds technical data, we observe a bullish trend, as the last price of $48.77 is above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, SMA200) of $47.45, $46.69, and $45.74, respectively. The Average True Range (ATR) stands at 0.89, or 1.82% of the last price, indicating moderate volatility. Given the current price is at its 52-week high, we can anticipate a potential consolidation or a pull-back towards the SMA20 at $47.45, before potentially resuming its upward trajectory.

Combining technical and fundamental insights, we forecast that LCTD will continue to attract investors seeking exposure to international developed markets while emphasizing carbon transition readiness. With Assets Under Management (AUM) standing at $226.34 million, the fund has a solid foundation. As the global economy continues to shift towards lower-carbon technologies, companies with higher LCETR scores are likely to outperform, potentially driving the funds performance. We anticipate LCTD to maintain its outperformance relative to the MSCI World ex USA Index, driven by its optimized portfolio and the ongoing transition to a more sustainable global economy.