(EMNE) iShares MSCI EMU ESG - Ratings and Ratios

The iShares MSCI EMU ESG Enhanced UCITS ETF EUR Inc (XETRA:EMNE) 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) criteria.

As a product offered by BlackRock, a leading global investment manager, this ETF is designed to deliver a diversified portfolio of companies that meet specific ESG standards, potentially reducing exposure to companies with higher ESG risks. The funds investment universe includes large-cap companies in the Eurozone, covering a broad range of sectors.

Analyzing the ETFs recent performance and technical indicators, we observe that the last price is 7.65 EUR, with a 20-day simple moving average (SMA) of 7.84 EUR and a 50-day SMA of 7.52 EUR. The 200-day SMA stands at 7.26 EUR, indicating a longer-term uptrend. The average true range (ATR) is 0.07 EUR, representing a 0.94% daily price movement. The ETFs price is currently between its 52-week high of 7.91 EUR and low of 6.49 EUR, suggesting a relatively stable trading range.

With assets under management (AUM) totaling 2367.89 million EUR, the fund demonstrates significant investor interest and liquidity. This substantial AUM can contribute to tighter bid-ask spreads and lower trading costs for investors.

Based on the available technical and fundamental data, a forecast for the iShares MSCI EMU ESG Enhanced UCITS ETF EUR Inc can be constructed. Given the ETFs current price relative to its moving averages and the overall trend, we can anticipate a potential short-term correction or consolidation phase. However, the long-term uptrend, as indicated by the 200-day SMA, remains intact. If the ETF can break above its 20-day SMA of 7.84 EUR, it may signal a continuation of the uptrend, potentially targeting the 52-week high of 7.91 EUR. Conversely, a decline below the 50-day SMA of 7.52 EUR could indicate a shift towards a more bearish sentiment, with support potentially found at the 200-day SMA of 7.26 EUR.