(NESG) Invesco Markets II - Ratings and Ratios

The Invesco NASDAQ-100 ESG UCITS ETF USD Acc USD is an exchange-traded fund listed in Switzerland, categorized under US Large-Cap Growth Equity. It is designed to track the Morningstar US LM Brd Growth NR USD index, providing investors with exposure to a broad spectrum of growth-oriented stocks in the US market.

By focusing on ESG (Environmental, Social, and Governance) criteria, this ETF adheres to a set of principles that aim to promote sustainable investing. The NASDAQ-100 index, which this fund is based on, comprises the 100 largest non-financial stocks listed on the NASDAQ, known for its tech-heavy composition. The ESG screening process applied to this index ensures that the constituent companies meet specific standards related to environmental stewardship, social responsibility, and corporate governance.

Analyzing the provided technical data, the ETFs last price is $62.56, indicating a positive trend as it is above its SMA20 ($61.66) and significantly above its SMA50 ($57.58) and SMA200 ($58.41). The Average True Range (ATR) stands at 0.49, or 0.78%, suggesting relatively moderate volatility. The 52-week high and low are $63.30 and $49.03, respectively, showing the ETFs price resilience and growth potential over the past year.

With Assets Under Management (AUM) totaling $1,256.28 million USD, the fund demonstrates a considerable scale, which can contribute to liquidity and potentially lower expense ratios due to economies of scale. This size also indicates a reasonable level of investor confidence and interest in the funds strategy.

Forecasting future performance based on the available technical and fundamental data, we can anticipate that the ETF may continue its upward trend, driven by the growth potential of its constituent stocks and the overall positive momentum indicated by its SMA values. However, the relatively moderate volatility, as suggested by the ATR, should be considered, implying that while there is potential for growth, there are also risks associated with potential price swings.

Given the ETFs focus on ESG and its tracking of a growth-oriented index, it is likely to attract investors seeking exposure to US large-cap growth stocks with a responsible investing twist. As such, its performance will be closely tied to the overall direction of the US stock market, particularly the tech and growth sectors. Investors should monitor the funds tracking error, expense ratio, and any changes in the underlying index or ESG screening criteria to assess its ongoing suitability for their investment objectives.