(C099) Amundi Bloomberg - Ratings and Ratios

The Amundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF Euro Hedged Acc is a German-originated ETF that provides diversified exposure to a broad basket of commodities, excluding agricultural products. This fund is designed to track the Bloomberg Equal Weight Commodity ex-Agri Index, offering a euro-hedged accumulation share class.

By excluding agricultural commodities, this ETF focuses on energy, metals, and other industrial commodities, potentially providing a unique investment opportunity for those seeking to capitalize on trends in these sectors. The equal-weight methodology employed by the underlying index ensures that no single commodity dominates the portfolio, thereby reducing concentration risk.

From a technical analysis perspective, the ETFs price action indicates a bullish trend, with the short-term Simple Moving Average (SMA20) at 26.29 surpassing the longer-term SMAs (SMA50 at 25.82 and SMA200 at 25.92). The Average True Range (ATR) of 0.26, representing a 0.96% daily volatility, suggests relatively stable price movements. Given the current price of 27.39, proximity to the 52-week high of 27.50, and the upward sloping moving averages, a potential forecast could be a continued upward trajectory, potentially testing new highs.

Fundamentally, the ETFs Assets Under Management (AUM) stand at 1547.22 million EUR, indicating a significant investor base and liquidity. Considering the commodity markets tendency to be influenced by macroeconomic factors, geopolitical events, and supply-demand imbalances, the exclusion of agricultural commodities might make this ETF less susceptible to food price shocks, potentially offering a more stable commodity exposure.

Combining technical and fundamental insights, a forecast for the Amundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF Euro Hedged Acc could be cautiously optimistic. If the current bullish trend continues, driven by favorable commodity prices and maintained investor interest (as indicated by substantial AUM), the ETF might edge closer to or surpass its 52-week high. However, any forecast is contingent upon broader market conditions, including economic indicators, geopolitical stability, and commodity-specific supply chain dynamics.