(DFND) iShares Global Aerospace - Ratings and Ratios

The iShares Global Aerospace & Defence UCITS ETF USD (Acc) (PA:DFND) is an exchange-traded fund that tracks the Morningstar Global Aerospace & Defence NR USD index, not the Morningstar Global Bas Mat TME NR USD index as initially stated. This correction is crucial as it directly impacts the funds investment objective and strategy.

The fund is listed on the Euronext Paris exchange, indicating its primary market is in France, and it is categorized under Sector Equity, focusing on the aerospace and defense industry globally. This sector is known for its resilience and growth potential due to increasing demand for defense and advancements in aerospace technology.

Analyzing the technical data, the ETFs last price is $7.01, with short-term (SMA20) and long-term (SMA50, SMA200) moving averages indicating an upward trend. The Average True Range (ATR) of 0.10, or 1.47%, suggests relatively low volatility. The 52-week high and low of $7.01 and $5.05, respectively, further emphasize the upward trajectory, with the current price at its 52-week high.

Despite the AUM being reported as 0.00M EUR, which could indicate either a very small or inaccurately reported asset base, the funds ability to track its underlying index effectively is crucial. The actual AUM should be verified through other sources for a more accurate assessment.

Combining technical and fundamental analysis, a forecast for the DFND ETF appears positive due to its upward trend indicated by moving averages and its current price at the 52-week high. The aerospace and defense sectors growth prospects, driven by global security concerns and technological advancements, could further support this trend. However, the reported AUM needs verification to assess the funds liquidity and potential for tracking error.

Based on the available data, a potential short-term target could be a continuation of the current upward trend, potentially reaching new highs. Investors should monitor the funds AUM, trading volume, and any changes in the underlying index composition to adjust their strategies accordingly. A more detailed analysis of the funds holdings and a comparison with its benchmark index would provide further insights into its potential performance.