(D6RT) Deka MSCI Germany Climate - Ratings and Ratios

The Deka MSCI Germany Climate Change ESG UCITS ETF, traded on XETRA under the ticker symbol D6RT, is an exchange-traded fund that tracks the Morningstar Germany TME NR EUR index. This ETF is designed to provide investors with exposure to German equities that are aligned with climate change mitigation efforts and adhere to certain Environmental, Social, and Governance (ESG) criteria.

As a Germany Equity ETF, it focuses on investing in companies based in Germany, thereby offering a targeted geographical exposure. The fund is managed by Deka, a well-established German asset manager, accessible through their official website at http://www.deka.de.

Analyzing the ETFs recent performance, we observe a bullish trend indicated by its last price of 16.38 EUR, which is above its 20-day Simple Moving Average (SMA) of 15.56 and 50-day SMA of 15.65. The 200-day SMA stands at 14.73, further confirming the upward trend as the current price is significantly above this long-term average. The Average True Range (ATR) is 0.30, representing a 1.84% daily volatility, suggesting moderate daily price movements. The ETF has reached a 52-week high of 16.44 and a low of 12.84, indicating a considerable range of price movement over the past year.

With Assets Under Management (AUM) of 209.64 million EUR, the ETF has a reasonable size, suggesting sufficient liquidity for investors. The AUM figure also indicates a level of investor confidence and interest in the funds strategy.

Forecasting the ETFs future performance involves analyzing both technical and fundamental data. Given the current bullish trend and the ETFs position above its key SMAs, theres a potential for continued growth, assuming the broader German equity market and ESG-aligned investments continue to attract capital. However, the ATR suggests that there may be some short-term volatility. Fundamentally, the focus on climate change and ESG could attract more investors looking for sustainable investments, potentially driving up demand and, consequently, the price. If the current trend persists and the AUM continues to grow, we could see the ETF testing new highs, potentially reaching 17.00 EUR in the near term, based on an extrapolation of current trends and assuming no major market downturns.