(WRD) HSBC MSCI World - Ratings and Ratios

The HSBC MSCI World UCITS ETF (PA:WRD) is a globally diversified equity exchange-traded fund that tracks the Morningstar Global TME NR USD Index, providing investors with broad exposure to large-cap stocks across developed markets. With its domicile in France, this ETF is designed to offer a blend of global equities, making it a suitable choice for investors seeking to spread their investments across various regions and sectors.

By analyzing the ETFs technical indicators, we can observe that it is currently trading at €34.39, slightly above its 20-day Simple Moving Average (SMA) of €34.19, indicating a potential short-term uptrend. The 50-day SMA stands at €32.87, significantly below the current price, suggesting a longer-term bullish trend. The Average True Range (ATR) of 0.41, or 1.20%, implies moderate volatility. Given the current price is close to the 200-day SMA of €34.41, we can anticipate a potential resistance level around this point. Using these technical indicators, a forecast for the ETF could be a slight consolidation or a pullback towards the 20-day SMA before potentially continuing its upward trajectory.

From a fundamental perspective, the HSBC MSCI World UCITS ETF boasts an impressive Assets Under Management (AUM) of €11,042.02 million, indicating a high level of investor confidence and liquidity. This substantial AUM, combined with the ETFs diversified portfolio, can contribute to its stability and attractiveness to investors. Furthermore, the global large-cap blend equity category it belongs to is generally considered a relatively stable investment, as it encompasses a broad spectrum of well-established companies worldwide.

Forecasting the future performance of the HSBC MSCI World UCITS ETF involves integrating both technical and fundamental analyses. Given the ETFs current technical setup and its fundamental strengths, a plausible forecast could be that it continues to move within a narrow range in the short term, potentially testing the resistance around the 200-day SMA. If the global economic conditions remain favorable, with continued growth in the large-cap sector, the ETF could see an upward trend. However, any significant global economic downturn could negatively impact its performance. As such, investors should closely monitor both macroeconomic indicators and the ETFs technical indicators for signs of trend reversals or continuations.