(WENE) iShares MSCI World Energy - Ratings and Ratios

The iShares MSCI World Energy Sector ESG UCITS ETF USD Inc USD (SW:WENE) is a Swiss-domiciled ETF designed to track the performance of global energy sector equities with an ESG focus. It provides exposure to companies in the energy sector that meet specific environmental, social, and governance (ESG) criteria. The fund is part of the iShares ESG UCITS ETF range, aiming to align with sustainable investment principles while maintaining exposure to the energy sector.

From a technical standpoint, the ETF shows a mixed trend. The last price of 5.35 is below the SMA 20 (5.59) and SMA 50 (5.56), indicating short-term weakness. However, it remains slightly above the SMA 200 (5.38), suggesting that the longer-term trend is still intact. The ATR of 0.05 reflects low volatility, while the average 20-day volume of 1,750 indicates relatively low trading activity.

Fundamentally, the ETF manages an AUM of $85.87M, making it a moderately sized fund within its category. It tracks the Morningstar Global Energy TME NR USD Index, which focuses on energy sector equities globally. The fund is designed for investors seeking ESG-compliant exposure to the energy sector, which includes companies involved in energy exploration, production, and distribution.

3-month forecast: Based on , the ETF is likely to remain range-bound with a slight downside bias due to its position below the SMA 20 and SMA 50. Support is expected near the SMA 200 at 5.38, with resistance at the SMA 50 level of 5.56. suggests stable AUM, indicating investor interest remains steady. Energy sector fundamentals, including commodity prices and ESG trends, will likely influence performance.