(ETHI) Global X Global - Ratings and Ratios

The Global X Global Sustainability Leaders Index ETF, ticker symbol ETHI, is a Canadian ETF that provides investors with exposure to global equity markets with a focus on sustainability leaders. As a Global Equity ETF, it allows investors to diversify their portfolios across various geographic regions and industries, with a tilt towards companies that demonstrate strong sustainability practices.

By tracking the Morningstar Global Markets GR CAD Index, ETHI offers a broad-based representation of the global market, incorporating companies that have been identified as leaders in sustainability. This approach enables investors to align their investments with their values, supporting companies that prioritize environmental, social, and governance (ESG) factors.

Analyzing the ETFs technical data, we observe a recent uptrend, as indicated by the short-term and long-term moving averages (SMA20: 51.08, SMA50: 50.65, SMA200: 52.88). The current price of 53.49 is above the SMA200, suggesting a bullish trend. The Average True Range (ATR) of 0.95, or 1.77%, indicates moderate volatility. Given the 52-week high and low prices (55.81 and 45.17, respectively), the ETF is currently trading near the upper end of its recent range.

Fundamentally, the ETF has Assets Under Management (AUM) of 100.62M CAD, indicating a relatively modest but still significant investor base. As a relatively liquid ETF, it provides investors with the ability to enter and exit positions with relative ease.

Forecasting the ETFs future performance, we can expect ETHI to continue its upward trend, driven by the growing demand for sustainable investments and the increasing awareness of ESG factors among investors. As the global economy continues to shift towards more sustainable practices, companies that are leaders in this space are likely to benefit. With the current price above the SMA200 and a bullish trend, we can anticipate further growth, potentially towards the 52-week high of 55.81. However, investors should be cautious of potential volatility, as indicated by the ATR, and be prepared for potential corrections. A break above 55.81 could signal further upside potential, while a decline below the SMA50 (50.65) may indicate a reversal in the trend.