(APXJ) Amundi Index MSCI Pacific - Ratings and Ratios

The Amundi Index MSCI Pacific Ex Japan SRI PAB - UCITS ETF DR - EUR (D) is an exchange-traded fund (ETF) that tracks the Morningstar Developed APAC ex-Japan TME NR USD index, providing investors with exposure to Pacific ex-Japan equity markets with a focus on sustainable and responsible investing (SRI) and a Paris-Aligned Benchmark (PAB) approach.

By tracking the Morningstar index, this ETF offers a diversified portfolio of stocks from developed markets in the Asia-Pacific region, excluding Japan. The funds SRI and PAB focus means it is designed to be aligned with the goals of the Paris Agreement, aiming to reduce carbon emissions and promote sustainable business practices among its constituent companies.

From a technical analysis perspective, the ETFs price action indicates a relatively stable trend, with its 20-day simple moving average (SMA20) at 9.41 and 50-day simple moving average (SMA50) at 9.23. The current price of 9.33 is slightly below the SMA20, suggesting a potential short-term correction. However, the 200-day simple moving average (SMA200) at 9.35 indicates a longer-term uptrend. The average true range (ATR) of 0.08 (0.84%) suggests moderate volatility.

With assets under management (AUM) of 500.28 million EUR, the fund has a significant presence in the market, which can contribute to liquidity and potentially lower trading costs for investors. The funds size and the underlying indexs diversification across the Pacific ex-Japan region can make it an attractive option for investors seeking broad exposure to this market with a sustainability focus.

Forecasting future performance based on the available technical and fundamental data, a potential short-term correction could be anticipated due to the ETFs price being below its SMA20. However, the longer-term uptrend indicated by the SMA200 and the funds underlying index composition suggest potential for growth. Investors should monitor the ETFs price action relative to its moving averages and ATR for signs of trend continuation or reversal. Additionally, the funds AUM and the overall trend in sustainable investing could support its long-term prospects.