(S6DW) iShares MSCI World ESG - Ratings and Ratios

The iShares MSCI World ESG Screened UCITS ETF USD (Dist) is a globally diversified equity exchange-traded fund that tracks the Morningstar Global TME NR USD index, providing investors with exposure to a broad range of large-cap stocks across developed markets. The fund is listed on the XETRA exchange and has a ticker symbol of S6DW.

As an ESG-screened ETF, it adheres to environmental, social, and governance criteria, excluding companies that do not meet certain sustainability standards. This aligns with the growing investor demand for responsible investing options. The funds underlying index comprises a broad universe of stocks from developed markets, providing a blend of growth and value exposures.

Analyzing the funds recent price action, we observe that it is currently trading at $8.46, slightly below its 20-day simple moving average (SMA) of $8.54. The 50-day SMA stands at $8.18, indicating a potential support level, while the 200-day SMA is at $8.58, suggesting a longer-term uptrend. The average true range (ATR) is 0.10, or 1.17%, indicating moderate volatility. The funds price is currently within its 52-week range of $7.26 to $9.35.

With assets under management (AUM) totaling €2.864 billion, the fund demonstrates a significant scale, which can contribute to liquidity and potentially lower trading costs for investors. The funds size and diversified holdings make it an attractive option for investors seeking broad exposure to global equities with an ESG focus.

Forecasting the funds future performance, we can consider both technical and fundamental factors. From a technical perspective, a breakout above the 20-day SMA and subsequent resistance levels could signal further upside potential. Conversely, a decline below the 50-day SMA may indicate a more significant correction. Fundamentally, the growing demand for ESG-compliant investments and the funds diversified holdings suggest a potentially favorable long-term outlook. Assuming the global economy continues to transition towards more sustainable practices, this ETF may benefit from increased investor demand, potentially driving its price higher. A forecasted price target could be around $9.00, representing a 6.4% increase from current levels, based on the convergence of technical and fundamental factors.