(GEQT) iShares ESG Equity - Ratings and Ratios

The iShares ESG Equity ETF Portfolio (GEQT) is a Canadian-listed exchange-traded fund that tracks the Morningstar Global Markets GR CAD Index, providing broad exposure to global equities while incorporating environmental, social, and governance (ESG) considerations.

As a Global Equity ETF, GEQT offers diversified investment across various geographic regions and sectors, catering to investors seeking a balanced portfolio with a focus on sustainability. The fund is managed by BlackRock, a renowned asset management firm with a strong track record in ETF management.

Analyzing the technical data, we observe that GEQTs price is currently above its short-term, medium-term, and long-term moving averages (SMA20, SMA50, and SMA200), indicating a positive trend. The Average True Range (ATR) suggests moderate volatility. Given the current price of 66.30 CAD, the SMA20 at 62.62 CAD, and the SMA50 at 62.46 CAD, we can infer that the ETF has been trending upwards. The 52-week high and low of 67.78 CAD and 56.25 CAD, respectively, further support this observation.

From a fundamental perspective, the Assets Under Management (AUM) of 134.96M CAD indicate a reasonable level of investor interest in the fund. As a relatively established ETF, GEQTs AUM is likely to continue attracting investors seeking ESG-focused global equity exposure.

Forecasting future performance based on the available technical and fundamental data, we can anticipate that GEQT will likely continue its upward trend, driven by its diversified global equity exposure and the growing demand for ESG-compliant investments. If the current trend persists, the ETF may test its 52-week high of 67.78 CAD in the near term. However, a decline below the SMA50 could signal a reversal, potentially targeting the 52-week low. Therefore, investors should closely monitor the ETFs price action and adjust their strategies accordingly.