(AH50) Xtrackers Harvest FTSE - Ratings and Ratios

The Xtrackers Harvest FTSE China A-H50 UCITS ETF 1D EUR is an exchange-traded fund listed on XETRA under the ticker symbol AH50. It is designed to track the Morningstar China TME NR USD index, providing investors with exposure to the Chinese equity market.

As a China Equity ETF originating from Germany, AH50 offers a diversified portfolio of top Chinese companies. The funds investment objective is to replicate the performance of its underlying index, which comprises prominent Chinese A-shares and H-shares.

Analyzing the ETFs recent price action, we observe a slight uptrend, as indicated by the short-term moving averages (SMA20: 24.46, SMA50: 24.44) being above the long-term moving average (SMA200: 24.22). The current price of 25.02 is near the upper end of its recent trading range, with an Average True Range (ATR) of 0.41, representing a 1.66% daily volatility. This suggests that the ETF is experiencing a moderate level of price fluctuation.

Considering the funds Assets Under Management (AUM) of 9.43M EUR, we can infer that AH50 has a relatively modest size compared to other ETFs in the China Equity category. However, its tracking of the Morningstar China TME NR USD index provides exposure to a broad range of Chinese equities, which can be attractive to investors seeking to tap into the countrys growth potential.

Based on the technical and fundamental data, our forecast suggests that AH50 may continue its upward trajectory in the short term, potentially reaching the upper end of its 52-week range (29.74). However, investors should be cautious of potential volatility, as indicated by the ATR, and monitor the ETFs performance relative to its underlying index. A break above the 52-week high could signal further upside potential, while a decline below the SMA50 (24.44) may indicate a reversal in the short-term trend.