(QUU) Mackenzie US Large Cap - Ratings and Ratios

The Mackenzie US Large Cap Equity Index ETF (QUU) is a Canadian exchange-traded fund designed to track the performance of the Morningstar US Market TR CAD Index. This index represents the broad US market, focusing on large-capitalization companies across various sectors such as technology, healthcare, and financials. The ETF provides exposure to the US equity market, offering diversification for Canadian investors seeking international growth opportunities.

From a technical perspective, QUU is currently trading at $219.99, below its 20-day SMA of $216.62 but significantly below its 50-day SMA of $230.22 and 200-day SMA of $230.56. This indicates the ETF is in a bearish trend relative to its medium- and long-term moving averages. The average trading volume over the past 20 days is 3,313 shares, suggesting lower liquidity compared to other ETFs. The ATR of 5.57 reflects moderate volatility, with price swings averaging around 2.5% over a 20-day period.

Fundamentally, the ETF manages assets under management (AUM) of $3.603 billion CAD, indicating a well-established and sizable fund. This scale typically allows for lower expense ratios and tighter tracking error relative to its benchmark index. The funds holdings are diversified across the US market, with a focus on large-cap companies that dominate the Morningstar US Market TR CAD Index.

3-Month Forecast: Based on the current technical and fundamental data, QUU is likely to face headwinds in the near term. The ETFs price is below its key moving averages, suggesting bearish momentum. However, the moderate ATR and significant AUM provide stability. Expect the ETF to trade sideways or slightly decline over the next three months, with potential support near its 200-day SMA of $230.56 and resistance at its 50-day SMA of $230.22. Market sentiment and broader US equity performance will heavily influence its trajectory.