(EDMU) iShares MSCI USA ESG - Ratings and Ratios

The iShares MSCI USA ESG Enhanced UCITS ETF USD Acc is an exchange-traded fund (ETF) that tracks the Morningstar US Large-Mid NR USD index, providing investors with exposure to a broad range of large- and mid-cap US stocks that meet certain environmental, social, and governance (ESG) criteria. As a UCITS-compliant ETF, it is designed to be a diversified and transparent investment vehicle, suitable for a wide range of investors.

From a technical analysis perspective, the ETFs price action indicates a bullish trend, with the short-term Simple Moving Average (SMA20) at 10.66 and the long-term SMA200 at 10.50, suggesting a potential upward momentum. The Average True Range (ATR) of 0.11, equivalent to 1.02%, indicates a relatively low volatility. Given the current price of 10.85, and considering the SMA20 and SMA50 (10.17) are both below the current price, it is likely that the ETF will continue to trend upwards, potentially reaching the 52-week high of 11.10.

Fundamentally, the ETFs Assets Under Management (AUM) stand at approximately $7.99 billion USD, indicating a significant investor base and liquidity. The ESG-enhanced strategy is likely to attract investors seeking to align their investments with their values, potentially driving further inflows. With the Morningstar US Large-Mid NR USD index as its benchmark, the ETF is positioned to benefit from the overall performance of the US large- and mid-cap equity market, while also incorporating ESG considerations.

Forecasting the ETFs future performance, we can expect a continued upward trend, driven by the bullish technical indicators and the funds fundamental strengths. Assuming the US large- and mid-cap equity market continues to perform well, and ESG considerations remain a priority for investors, the ETFs price is likely to reach 11.50 within the next 6-12 months, representing a potential upside of around 6% from current levels.