(F500) Amundi SP500 ESG Acc EUR - Ratings and Ratios

The Amundi S&P 500 ESG UCITS ETF Acc EUR is a German-based exchange-traded fund that tracks the Morningstar US Large-Mid NR USD index, providing investors with exposure to a broad range of large-cap US equities with a focus on environmental, social, and governance (ESG) considerations.

As an ETF in the US Large-Cap Blend Equity category, it is designed to deliver returns that are in line with the overall performance of the US large-cap market, while incorporating ESG factors into its investment approach. This makes it an attractive option for investors seeking to balance financial returns with sustainability goals.

Analyzing the funds technical data, we observe that the current price is 149.20 EUR, with a 20-day simple moving average (SMA) of 147.74 EUR, indicating a recent upward trend. The 50-day SMA stands at 142.39 EUR, further supporting the notion of a positive momentum. However, the 200-day SMA at 153.54 EUR suggests that the fund is currently trading below its long-term average, potentially indicating a buying opportunity.

From a fundamental perspective, the funds assets under management (AUM) stand at 4291.32 million EUR, demonstrating a significant level of investor interest and confidence in the fund. The S&P 500 ESG index that the fund tracks is designed to measure the performance of companies within the S&P 500 that demonstrate strong ESG practices.

Based on the technical and fundamental data, a forecast for the Amundi S&P 500 ESG UCITS ETF Acc EUR can be constructed. Given the current upward trend and the funds position relative to its SMAs, we can anticipate a potential short-term continuation of the upward momentum. However, the funds current price relative to its 200-day SMA may indicate a potential pullback or consolidation before further growth. Therefore, a likely forecast is that the fund will experience a short-term fluctuation, potentially testing the 147.74 EUR level, before continuing its upward trajectory, driven by the overall performance of the US large-cap market and the growing demand for ESG-focused investments.

Investors should be aware that the ETFs performance is closely tied to the overall US stock market and the specific ESG criteria used by the S&P 500 ESG index. As such, any significant changes in market sentiment or the ESG landscape could impact the funds performance.