(SC0H) Invesco MSCI USA EUR - Ratings and Ratios

The Invesco MSCI USA UCITS ETF EUR is designed to replicate the performance of the MSCI USA Total Return (Net) Index, providing investors with exposure to the US equity market. The underlying index is a market capitalization-weighted benchmark that tracks the performance of 612 constituents across 10 industry sectors, offering a comprehensive representation of the US stock market.

With a total of 612 constituents, the fund provides diversified exposure to the US market, spanning various industry sectors. The MSCI USA index is widely regarded as a benchmark for US equity performance, and this ETF offers investors a convenient way to gain exposure to this market. The funds assets under management (AUM) stand at approximately €4.63 billion, indicating a significant presence in the market.

Analyzing the technical data, the ETFs last price is €153.31, with a 20-day simple moving average (SMA) of €152.24, indicating a slight bullish trend. The 50-day SMA is €145.93, further supporting this trend. However, the 200-day SMA is €155.38, suggesting that the ETF is currently trading below its long-term average. The average true range (ATR) is 2.09, equivalent to 1.36%, indicating moderate volatility. Given the current technical setup, we can expect the ETF to continue its upward momentum in the short term, potentially reaching €160 in the next few weeks.

From a fundamental perspective, the US equity market is expected to continue growing, driven by the strong performance of the US economy. The MSCI USA index is likely to benefit from this trend, and the ETF is well-positioned to capture this growth. With an AUM of €4.63 billion, the fund has sufficient scale to maintain its operations and continue to track the underlying index effectively. Our forecast suggests that the ETF will continue to outperform its 52-week low of €130.57, potentially reaching new highs above €175 in the next 6-12 months, driven by the underlying growth of the US equity market.