(EDM4) iShares MSCI EMU ESG - Ratings and Ratios

The iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (XETRA:EDM4) is an exchange-traded fund that tracks the Morningstar Developed Europe ex Zone TME NR EUR index, providing investors with exposure to Eurozone large-cap equities with a focus on environmental, social, and governance (ESG) factors.

As a Germany-originated ETF, EDM4 is listed on the XETRA exchange and falls under the Eurozone Large-Cap Equity category. The fund is managed by BlackRock, a leading global asset manager, and has a substantial assets under management (AUM) of approximately €2.37 billion.

From a technical analysis perspective, the ETFs price action indicates a relatively stable trend, with the short-term Simple Moving Average (SMA20) at €8.68 and the long-term SMA200 at €8.03. The current price of €8.64 is slightly below the SMA20, suggesting a potential consolidation phase. The Average True Range (ATR) of 0.08 (€0.91% of the current price) indicates moderate volatility.

Considering the fundamental and technical data, a forecast for EDM4 can be derived. With the Eurozone large-cap equity market expected to benefit from a potential economic recovery, and the ESG-focused investment strategy gaining traction, EDM4 is likely to experience a positive trend. Our analysis suggests that the ETFs price could reach €9.00 in the near term, driven by a combination of the underlying indexs performance and the funds attractive ESG profile.

To achieve this target, investors should monitor the ETFs price action and adjust their strategies accordingly. A break above the 52-week high of €8.75 could signal further upside potential, while a decline below the SMA50 (€8.32) may indicate a reversal in the trend.