(EDMW) iShares MSCI World ESG - Ratings and Ratios

The iShares MSCI World ESG Enhanced UCITS ETF USD Acc (XETRA:EDMW) is a globally diversified equity exchange-traded fund that tracks the Morningstar Global TME NR USD index, providing investors with exposure to a broad range of large-cap stocks across developed markets. The fund is designed to enhance environmental, social, and governance (ESG) factors, aligning with the growing demand for responsible investing.

From a technical standpoint, the ETFs price action indicates a relatively stable trend, with the 20-day simple moving average (SMA) at $8.54 and the 50-day SMA at $8.19, suggesting a potential bullish crossover. The 200-day SMA at $8.59 is slightly above the current price, indicating a possible resistance level. The average true range (ATR) of 0.10 (1.13%) implies moderate volatility, while the 52-week high and low of $9.25 and $7.29, respectively, provide a range for potential price movements.

Fundamentally, the ETF has a substantial assets under management (AUM) of €2491.90M, indicating a high level of investor confidence and liquidity. The funds ESG-enhanced strategy is likely to attract investors seeking to balance financial returns with sustainability goals.

Based on the technical and fundamental data, a potential forecast for EDMW is that it may experience a short-term correction towards the 50-day SMA at $8.19, followed by a potential rebound towards the 200-day SMA at $8.59. If the ESG-enhanced strategy continues to attract investors, the funds AUM may increase, driving the price higher. However, if global market sentiment deteriorates, the ETFs price may decline towards the 52-week low of $7.29. A close monitoring of the SMA crossovers, ATR, and AUM will be crucial in determining the ETFs future price movements.