(WSRI) Amundi MSCI World SRI - Ratings and Ratios

The Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF EUR Acc is designed to replicate the performance of the MSCI World SRI 5% Issuer Capped Index, a benchmark that focuses on companies with high Environmental, Social, and Governance (ESG) ratings. The fund aims to minimize the tracking error between its net asset value and the indexs performance, ensuring that investors closely follow the indexs returns.

The MSCI World SRI 5% Issuer Capped Index is a subset of the MSCI World Index, comprising companies that meet specific ESG criteria and capping the issuers weight at 5%. This index is designed to provide exposure to companies with strong ESG practices while maintaining a diversified portfolio. By tracking this index, the Amundi ETF offers investors a way to invest in a globally diversified portfolio of companies that are leaders in sustainability and responsible business practices.

Analyzing the technical data, the ETFs current price is 97.70, slightly below its 200-day Simple Moving Average (SMA) of 97.97, indicating a potential support level. The 20-day SMA is at 96.91, and the 50-day SMA is at 92.49, suggesting an overall upward trend in the short to medium term. The Average True Range (ATR) is 0.96, translating to a daily volatility of approximately 0.99%. This relatively low volatility, combined with the ETFs position above its 50-day SMA, indicates a stable upward trajectory.

Fundamentally, the ETF has a substantial Assets Under Management (AUM) of $3.211 billion USD, indicating a healthy level of investor confidence and liquidity. The funds focus on ESG and climate-conscious companies positions it well for long-term growth, as investors increasingly prioritize sustainability.

Forecasting the ETFs performance based on the available technical and fundamental data, we can expect a continued upward trend in the short to medium term, driven by the ETFs low volatility and the growing demand for ESG-focused investments. The ETFs current price is near its 200-day SMA, suggesting a potential support level. If the ETF maintains its position above the 50-day SMA and continues to track the MSCI World SRI 5% Issuer Capped Index closely, it may reach new highs, potentially testing the 52-week high of 105.56 in the coming months.