(PR1J) Amundi Prime Japan DR (D) - Ratings and Ratios

The Amundi Prime Japan UCITS ETF DR (D) is an exchange-traded fund listed on the XETRA exchange, tracking the Morningstar Japan TME NR JPY index. This ETF provides investors with exposure to a diversified portfolio of Japanese large-cap equities.

The fund is managed by Amundi, a leading global asset manager, and is domiciled in Germany. As a Japan Large-Cap Blend Equity ETF, it aims to replicate the performance of the underlying index, which comprises a broad range of Japanese stocks. With Assets Under Management (AUM) of approximately €177.46 billion, the fund benefits from significant scale and liquidity.

Analyzing the technical data, we observe that the ETFs price is currently at €28.56, with a 20-day Simple Moving Average (SMA) of €28.32, indicating a positive trend. The 50-day SMA and 200-day SMA stand at €27.59 and €27.90, respectively, suggesting a bullish crossover and a potential uptrend. The Average True Range (ATR) is €0.35, or 1.22% of the current price, indicating moderate volatility.

Combining technical and fundamental analysis, we can forecast the ETFs future performance. Given the bullish trend indicated by the SMAs and the funds exposure to the Japanese equity market, we expect the ETF to continue its upward trajectory. With the 52-week high and low at €29.29 and €24.53, respectively, we anticipate the price to potentially reach €30.00 in the near term, driven by a sustained recovery in the Japanese market. However, investors should be cautious of potential volatility, as indicated by the ATR.

In conclusion, the Amundi Prime Japan UCITS ETF DR (D) offers investors a diversified exposure to Japanese large-cap equities, with a strong track record and significant AUM. Based on our analysis, we forecast a continued upward trend, with potential for further growth, making it an attractive option for investors seeking exposure to the Japanese market.