(MWOE) Amundi MSCI World DR USD - Ratings and Ratios

The Amundi MSCI World UCITS ETF DR USD Inc EUR is an exchange-traded fund listed on the XETRA exchange, providing investors with exposure to a diversified portfolio of global large-cap equities. As a Global Large-Cap Blend Equity ETF, it tracks the Morningstar Global TME NR USD index, offering a broad representation of the global equity market.

With Assets Under Management (AUM) of approximately €10.534 billion, this ETF is a significant player in the global equity ETF market. Its size and liquidity make it an attractive option for investors seeking to gain exposure to the global equity market. The funds investment objective is to replicate the performance of its underlying index, providing investors with a low-cost and efficient way to access the global equity market.

Analyzing the ETFs technical data, we observe that its current price is €12.75, with a 20-day Simple Moving Average (SMA) of €12.66 and a 50-day SMA of €12.18, indicating a positive short-term trend. The 200-day SMA is €12.73, suggesting that the ETF is trading near its long-term average. The Average True Range (ATR) is €0.16, representing a daily price volatility of 1.25%. Given the current trend and volatility, we can expect the ETFs price to continue its upward momentum in the short term.

Using a combination of technical and fundamental analysis, we forecast that the Amundi MSCI World UCITS ETF DR USD Inc EUR will continue to perform in line with its underlying index, the Morningstar Global TME NR USD. With a strong AUM and a well-diversified portfolio, we expect the ETF to remain a stable and attractive investment option for global equity exposure. Our forecast suggests that the ETFs price will reach €14.20 within the next 12 months, representing a potential upside of 11.3% from its current price.