(WGES) Amundi MSCI World SRI - Ratings and Ratios

The Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF EUR Dis is a Global Large-Cap Blend Equity ETF listed on XETRA, with the ticker symbol WGES. It is designed to track the Morningstar Global TME NR USD index, providing exposure to a broad range of large-cap equities globally.

From a technical analysis perspective, the ETF has demonstrated a relatively stable price action, with a current price of 20.52 EUR, slightly above its 20-day and 50-day simple moving averages (SMA20: 20.45, SMA50: 20.10). The 200-day SMA stands at 20.78, indicating a longer-term uptrend. The Average True Range (ATR) is 0.16, representing a daily price volatility of 0.80%.

To further evaluate the ETFs performance, we can examine key performance indicators (KPIs) such as the expense ratio, tracking error, and dividend yield. Although not directly provided, we can infer that the ETF is designed with a focus on ESG (Environmental, Social, and Governance) factors, given its SRI (Sustainable and Responsible Investing) designation and Climate Net Zero Ambition objective. This suggests that the ETF may appeal to investors seeking to align their investments with their values and reduce their carbon footprint.

With Assets Under Management (AUM) of 3564.76M EUR, the ETF has achieved a significant scale, which can contribute to lower costs for investors and increased liquidity. To assess its investment merit, we can consider metrics such as the price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and the ETFs overall sector allocation. A thorough analysis of these KPIs would provide a more comprehensive understanding of the ETFs potential for long-term growth and its suitability for various investment strategies.