(TBLU) Tortoise Global Water ESG - Ratings and Ratios

The Tortoise Global Water ESG Fund is a focused investment vehicle that allocates at least 80% of its net assets to securities of companies operating in the water industry, providing a targeted exposure to the global water sector. The fund tracks a proprietary index that is designed to capture the performance of listed water companies on developed country exchanges, utilizing a modified market capitalization weighted and float-adjusted methodology.

As a non-diversified ETF, TBLU is concentrated in its holdings, which can result in higher volatility compared to more diversified funds. This characteristic demands a nuanced understanding of the water industrys dynamics and the specific companies within the funds portfolio. The funds ESG (Environmental, Social, and Governance) considerations suggest a focus on sustainable and responsible investment practices within the water sector.

Analyzing the available technical data, the funds last price is $51.89, indicating a bullish trend as it is above its 20-day SMA ($49.64), 50-day SMA ($47.99), and 200-day SMA ($48.04). The Average True Range (ATR) of 1.01, or 1.94%, suggests moderate volatility. Given the current price at the 52-week high, the fund demonstrates resilience and strength in its current uptrend.

From a fundamental perspective, the Assets Under Management (AUM) of $52.57M USD indicate a relatively small but still viable fund size, suggesting that it has the potential for growth or is niche-focused. The water sector, being essential and relatively recession-resistant, provides a stable backdrop for the funds investments.

Forecasting the funds performance based on the technical and fundamental data, a continued uptrend is plausible, driven by the funds strong recent performance and its position above key moving averages. However, the relatively small AUM and the concentrated nature of the fund may introduce volatility. If the global water sector continues to attract investment due to its essential nature and ESG considerations, TBLU is well-positioned to capitalize on this trend, potentially driving its price higher. A break below the 20-day SMA could signal a reversal in this trend, while sustained growth in AUM could further stabilize and potentially boost the funds performance.