(EJAP) BNP Paribas Easy MSCI Japan - Ratings and Ratios

The BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF Cap is designed to replicate the performance of the MSCI Japan ex Controversial Weapons (NTR) index, maintaining a Tracking Error below 1%. This is achieved through a flexible replication strategy, allowing the fund manager to optimize portfolio management.

The fund is committed to investing at least 51% of its assets in equities, ensuring a strong alignment with the underlying index. Additionally, it adheres to a strict limit of not investing more than 10% of its net assets in shares or units issued by other UCITS or UCIs, maintaining a focused investment approach.

With a current Assets Under Management (AUM) of 389.30M EUR, the ETF has established a significant presence in the market. As a Japan Large-Cap Blend Equity ETF, it offers investors exposure to the Japanese equity market with a tilt towards ESG considerations through its exclusion of controversial weapons.

Analyzing the technical data, the ETFs last price is 15.21, indicating a recent upward trend given its 52-week low of 13.25 and high of 15.95. The SMA20, SMA50, and SMA200 are 14.55, 14.94, and 15.05, respectively, suggesting a potential bullish crossover as the short-term SMAs are above or nearing the long-term SMA, indicating a possible continuation of the uptrend. The ATR of 0.34 (2.22%) suggests moderate volatility.

Combining technical and fundamental insights, a forecast for the ETF could be derived from its tracking of the MSCI Japan ex Controversial Weapons index and its technical indicators. Given the current trend and the fact that the ETF is near its 52-week high, a potential short-term target could be a continuation towards new highs, potentially testing resistance levels near 15.95. However, a pullback towards the SMA50 or SMA20 could offer a buying opportunity, aligning with the overall uptrend indicated by the SMAs. Investors should monitor the Tracking Error and the funds adherence to its ESG and investment criteria.

For a more precise forecast, one would need to analyze the constituent stocks of the MSCI Japan ex Controversial Weapons index, their earnings reports, and macroeconomic indicators affecting the Japanese equity market. Nonetheless, based on the available data, the ETF appears poised for potential growth, driven by its underlying index and favorable technical indicators.