(C024) Amundi MSCI China II EUR - Ratings and Ratios

The Amundi MSCI China A II ETF EUR (XETRA:C024) is a Germany-domiciled ETF designed to track the performance of the Morningstar China TME NR USD Index. This index measures the total return of Chinese equities, focusing on companies listed in mainland China and Hong Kong. The ETF is categorized under China Equity, offering exposure to the Chinese stock market for European investors.

From a technical perspective, the ETF currently trades at €136.52, with a 20-day average volume of 1,974 shares. The SMA 20 (€137.78) and SMA 50 (€135.91) are slightly above the current price, while the SMA 200 (€126.21) indicates a longer-term upward trend. The Average True Range (ATR) of 1.69 reflects moderate volatility. With an AUM of €184.58 million, the fund maintains a moderate size, suggesting a balance between liquidity and diversification.

Looking ahead, the next three months are expected to see continued bullish momentum, supported by the upward trend in the SMA 20 and SMA 50. The ATR suggests manageable volatility, with price fluctuations likely remaining within a narrow range. The funds exposure to Chinese equities may benefit from improving economic indicators in China, such as industrial production and consumer spending growth, which are expected to stabilize in Q4 2023 and Q1 2024. However, external factors such as geopolitical tensions and global market sentiment could influence performance.