(ASRT) BNP Paribas Easy € Bond SRI - Ratings and Ratios

The BNP Paribas Easy € Corp Bond SRI PAB UCITS ETF Distribution EUR is an exchange-traded fund listed on XETRA, tracking the Morningstar EZN Corp Bd GR EUR index, which comprises euro-denominated corporate bonds. The funds investment objective is to provide exposure to a diversified portfolio of high-quality corporate bonds while adhering to strict ESG (Environmental, Social, and Governance) criteria.

With Assets Under Management (AUM) of approximately €2.92 billion, the fund has achieved a significant scale, allowing it to maintain a competitive cost structure. The ETFs focus on euro-denominated corporate bonds makes it an attractive option for investors seeking to optimize their fixed income allocations within the eurozone.

Analyzing the funds recent price action, we observe a steady upward trend, with the last price recorded at €9.34. The short-term (20-day) and medium-term (50-day) Simple Moving Averages (SMA) are €9.29 and €9.24, respectively, indicating a positive momentum. The long-term (200-day) SMA stands at €9.16, further supporting the bullish trend. The Average True Range (ATR) of 0.02 (or 0.25%) suggests relatively low volatility, making the fund suitable for investors with a conservative risk appetite.

Given the current technical and fundamental data, our forecast suggests that the BNP Paribas Easy € Corp Bond SRI PAB UCITS ETF Distribution EUR is likely to continue its upward trajectory, driven by the ongoing demand for high-quality corporate bonds and the funds adherence to stringent ESG criteria. We anticipate the funds price to reach €9.50 in the near term, representing a potential upside of 1.7% from current levels. However, investors should remain vigilant and monitor the funds performance in response to changes in interest rates, credit spreads, and overall market conditions.