(CLML) CI Global Climate Leaders - Ratings and Ratios

CI Global Climate Leaders Fund (ETF C$ Series) (TO:CLML) is an exchange-traded fund designed for investors seeking exposure to global equity markets with a focus on companies leading the transition to a low-carbon economy. The fund tracks the Morningstar Global Markets GR CAD Index, offering a diversified portfolio of global equities. It is listed on the Toronto Stock Exchange (TO) under the ticker symbol CLML and is categorized as a global equity ETF.

From a technical perspective, CLML has shown moderate trading activity, with an average 20-day volume of 3,935 shares. As of the latest data, the ETF is trading at 31.91 CAD, below its short-term (20-day) SMA of 33.37 and near its long-term (200-day) SMA of 31.70. The 50-day SMA stands at 34.06, indicating a recent downward trend. The Average True Range (ATR) of 0.63 reflects relatively low volatility in the ETFs price movements.

Fundamentally, the ETF manages assets under management (AUM) of 28.05 million CAD, placing it in the smaller category of ETFs. This relatively modest size allows for greater flexibility in portfolio adjustments but may also result in higher expense ratios compared to larger funds.

Looking ahead, the next three months could see CLMLs performance influenced by both technical and fundamental factors. Technically, if the ETF breaks above its 50-day SMA of 34.06, it may signal a bullish reversal, potentially testing resistance levels near 35.00. Conversely, a breach below the 200-day SMA of 31.70 could indicate further downside, with support levels around 30.00. Fundamentally, the ETFs focus on climate leaders positions it to benefit from increasing global demand for renewable energy and sustainable solutions. However, macroeconomic factors such as rising interest rates and geopolitical uncertainties could weigh on the funds performance.