(ASRW) BNP Paribas Easy MSCI World - Ratings and Ratios

The BNP Paribas Easy MSCI World ESG Filtered Min TE UCITS ETF Cap USD is an exchange-traded fund listed on XETRA under the ticker symbol ASRW. It is designed to track the Morningstar Global TME NR USD index, providing investors with exposure to a broad range of global equities that meet specific ESG (Environmental, Social, and Governance) criteria.

As a Global Large-Cap Blend Equity ETF, it invests in a diversified portfolio of large-cap stocks worldwide, aiming to minimize tracking error while adhering to ESG principles. The funds assets under management (AUM) stand at $575.51 million, indicating a moderate level of investor interest.

Analyzing the technical data, the ETFs last price is $14.24, with short-term (SMA20) and medium-term (SMA50) moving averages at $13.63 and $13.97, respectively, suggesting an upward trend. The long-term moving average (SMA200) is $14.20, indicating a potential resistance level. The Average True Range (ATR) is 0.25, or 1.72% of the last price, signifying relatively moderate volatility. The 52-week high and low are $15.00 and $12.48, respectively, providing context for the ETFs recent price movements.

By combining technical and fundamental analysis, we can forecast the ETFs potential future performance. Given the upward trend indicated by the short-term and medium-term moving averages, and considering the ETFs ESG-focused investment strategy, we can anticipate that the fund may continue to attract investors seeking sustainable investment options. If the global equity market continues to trend upwards and ESG considerations remain a priority for investors, the ETF may see its AUM grow, potentially driving the price higher. However, if the market experiences a downturn or if theres a shift away from ESG investing, the ETFs price could be negatively impacted.

Based on the available data, a potential forecast for the ETF could be a gradual increase towards the $15.00 level, representing the 52-week high, assuming continued investor interest in ESG-compliant global equities and a stable or improving market environment. Conversely, a decline below the SMA50 at $13.97 could signal a potential downward trend, with support potentially found around the 52-week low of $12.48.