(H4ZX) HSBC Hang Seng Tech - Ratings and Ratios

The HSBC Hang Seng Tech UCITS ETF (Ticker: H4ZX) listed on XETRA is a sector-specific exchange-traded fund designed to track the performance of technology companies within the Hang Seng Index. The fund is managed by HSBC Asset Management and provides exposure to a diversified portfolio of leading technology firms in Hong Kong and mainland China. The ETF is denominated in EUR and is classified under the Sector Equity Technology category.

From a technical perspective, H4ZX exhibits moderate trading liquidity, with an average daily volume of 154,040 shares over the past 20 days. The ETF is currently trading at 6.17 EUR, slightly below its 20-day simple moving average (SMA) of 6.20. The 50-day SMA stands at 6.98, while the 200-day SMA is at 5.84, indicating a potential downtrend in the shorter term but an uptrend over the longer term. The Average True Range (ATR) of 0.23 suggests relatively low volatility in recent trading sessions.

In terms of fundamental analysis, the ETF has a substantial assets under management (AUM) of 2.306 billion EUR, reflecting strong investor interest in the technology sector. This level of AUM indicates the funds stability and its ability to track the underlying index effectively. The ETFs performance is closely tied to the Morningstar Global Tech TME NR USD index, which serves as its benchmark.

Looking ahead, over the next three months, the ETFs performance is expected to be influenced by both technical and fundamental factors. Based on the current SMA trends, the ETF may face short-term headwinds if it continues to trade below its 20-day and 50-day moving averages. However, the longer-term 200-day SMA suggests potential support at lower levels. From a fundamental perspective, the technology sectors outlook will play a critical role, with factors such as earnings reports, macroeconomic conditions, and geopolitical developments likely impacting the funds performance. The AUM level suggests sustained investor confidence, but market volatility could still affect returns.