(FESD) Fidelity Sustainable USD EM - Ratings and Ratios

The Fidelity Sustainable USD EM Bond UCITS ETF USD Inc (Ticker: FESD) is a Germany-domiciled ETF listed on XETRA, designed to track the performance of the Morningstar EM Sov Bd GR USD Index. This index focuses on U.S. dollar-denominated government bonds issued by emerging market sovereigns, incorporating ESG criteria to exclude issuers with significant exposure to fossil fuels, tobacco, or controversial weapons. The ETF provides exposure to emerging market debt while aligning with sustainable investment principles.

From a technical perspective, FESD has shown a trading range bound by its short-term and long-term moving averages. The SMA 20 (3.75) and SMA 50 (3.73) are closely aligned, while the SMA 200 (3.64) indicates a slightly lower support level. The last price of 3.64 suggests the ETF is currently trading near its 200-day average. The Average True Range (ATR) of 0.02 reflects low volatility, indicating a stable trading environment. Average daily volume of 1,494 shares highlights limited liquidity, which may impact execution for larger trades.

Over the next three months, based on and , FESD is expected to remain range-bound between 3.60 and 3.80. Support is likely to hold at the SMA 200 level, while resistance may emerge near the SMA 50. The low ATR suggests minimal price deviation, with potential for slight upside if emerging market risk appetite improves. However, external factors such as U.S. Treasury yield movements and dollar strength could influence returns. The funds AUM of 37.42M EUR indicates a moderate scale, which may limit its ability to capitalize on narrow market opportunities but also reduces liquidity risks.