(WGES) Amundi MSCI World SRI - Ratings and Ratios

The Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF EUR Dis is a Germany-originated ETF that tracks the Morningstar Global TME NR USD index, offering a diversified portfolio of global large-cap equities with a blend of growth and value styles. This ETF is designed to provide investors with exposure to a broad range of companies that meet specific sustainability and climate-related criteria.

From a technical analysis perspective, the ETFs price action indicates a potential bullish trend, as the short-term Simple Moving Average (SMA20) of 18.67 is below the current price of 19.75, suggesting an upward momentum. However, the long-term SMA200 of 20.65 is still above the current price, indicating a potential resistance level. The Average True Range (ATR) of 0.42, equivalent to 2.11% of the current price, suggests a moderate level of volatility.

Fundamentally, the ETF has a substantial Assets Under Management (AUM) of 3564.76M EUR, indicating a strong investor base and liquidity. The funds focus on sustainable and climate-conscious investing aligns with the growing trend of Environmental, Social, and Governance (ESG) investing, which is expected to continue to attract investor capital.

Using a combination of technical and fundamental analysis, a forecast for the ETF can be made. Based on the current SMA20 and SMA50 (19.54) values, a potential target price can be estimated. If the ETF continues to trend upwards, it may reach a price level of around 21.50 in the short term, representing a 8.6% increase from the current price. However, if the long-term SMA200 acts as a resistance level, the price may consolidate around 20.65 before continuing its upward trajectory. A more detailed analysis of the ETFs holdings and the overall market conditions would be necessary to refine this forecast.