(36BA) iShares Bond ESG EUR - Ratings and Ratios

The iShares $ Corp Bond ESG UCITS ETF EUR Hedged Inc is an exchange-traded fund listed on the XETRA exchange with the ticker symbol 36BA. As a bond ETF, it provides investors with exposure to a diversified portfolio of corporate bonds, with a focus on environmental, social, and governance (ESG) criteria.

The fund is designed to track the performance of a specific bond index, providing investors with a passive investment approach. By investing in this ETF, investors can gain access to a broad range of corporate bonds, denominated in USD, while hedging the currency risk to EUR. This makes it an attractive option for European investors seeking to diversify their fixed income portfolios.

From a technical analysis perspective, the ETFs price action suggests a relatively stable trend, with the short-term moving averages (SMA20 and SMA50) indicating a slight bullish bias. The Average True Range (ATR) of 0.03, equivalent to 0.85%, indicates moderate volatility. Considering the 52-week high and low of 4.14 and 3.86, respectively, the current price of 4.01 is near the lower end of the recent range, potentially indicating a buying opportunity.

Combining the technical analysis with fundamental data, the Assets Under Management (AUM) of 304.31M EUR suggest a reasonable level of liquidity and investor interest in the fund. Given the current price and the SMA20, SMA50, and SMA200 values, a potential forecast is that the ETF may continue to consolidate around the current price level, potentially breaking out to the upside if the corporate bond market continues to perform well. A possible target price could be around 4.10-4.15, based on the 52-week high and the overall trend in the corporate bond market.

To validate this forecast, it is essential to monitor the ETFs price action, as well as the underlying corporate bond market, for any signs of a trend reversal or continuation. Additionally, investors should consider their overall investment objectives, risk tolerance, and time horizon before making any investment decisions.