(XEC1) Xtrackers II EUR Corporate - Ratings and Ratios

The Xtrackers II EUR Corporate Bond UCITS ETF (DR)1D is an exchange-traded fund listed on XETRA, tracking the Morningstar EZN Corp Bd GR EUR index, which comprises euro-denominated corporate bonds. This ETF is designed to provide investors with exposure to the European corporate bond market.

With a current price of 8.13 EUR, the ETF has shown a stable trend, as indicated by its moving averages (SMA20: 8.10, SMA50: 8.06, SMA200: 7.99), suggesting a gradual upward trajectory. The Average True Range (ATR) of 0.02 (0.24%) implies relatively low volatility, making it an attractive option for risk-averse investors seeking stable returns.

The fund has a substantial Assets Under Management (AUM) of 3541.84M EUR, indicating a high level of investor confidence and liquidity. As the ETF tracks a broad index of euro-denominated corporate bonds, it is likely to be diversified across various sectors and credit ratings, potentially reducing the risk associated with individual bond holdings.

Analyzing the technical and fundamental data, a forecast for the ETF can be made. Given the stable trend and low volatility, it is likely that the ETF will continue to trade within a narrow range. However, with the 52-week high at 8.14 and the current price at 8.13, there is limited upside potential in the short term. A potential target price could be around 8.20-8.25, based on the historical trend and the overall market conditions. Nevertheless, investors should be cautious of potential market fluctuations and credit risk associated with the underlying corporate bonds.

To make an informed investment decision, it is essential to consider the overall market environment, interest rate trends, and the creditworthiness of the underlying corporate bonds. Investors should also evaluate their personal risk tolerance and investment goals before investing in this ETF.