Amundi MSCI World SRI UCITS ETF DR Aims for €114: Top Gainer Potential
Amundi MSCI World SRI UCITS ETF DR (WSRI.PA) has recently climbed to €103.33, gaining attention as a top-performing ETF on the European market. This uptick highlights its promising performance within the Asset Management sector.
Current Performance Overview
Amundi MSCI World SRI UCITS ETF DR, trading under WSRI.PA on EURONEXT, has recently reached €103.33, marking a 0.98% increase from the previous close of €102.33. The ETF has shown resilience with a year-high of €105.54 and a year-low of €86.50. Today’s movement has seen the price fluctuate between €102.65 and €103.37.
Sector and Market Analysis
Operating in the Financial Services sector and specifically within Asset Management, Amundi’s ETF reflects broader market confidence. Despite the absence of traditional metrics like P/E ratio due to its ETF structure, the consistent performance against its 50-day and 200-day average prices, both at €100.13, is notable. With a market cap of €3,984,266,958 and relatively low trading volumes of 1,929 compared to an average of 7,976, it underscores stability in European markets.
Technical Forecasts and Future Outlook
Meyka AI’s analysis projects the ETF to potentially reach €110.96 over the year, with a three-year target of €134.39 and five-year forecast of €157.90. The ETF’s strong three-year performance of 30.42% positions it as a potential long-term investment amid global SRI trends.
Market Sentiment and Sector Performance
The ETF’s growth trajectory coincides with positive sentiments around socially responsible investments (SRI). With a stable market value, Amundi’s offering continues to align well with investor preferences for ethical investing strategies, further propelling its favorable outlook in European exchanges.
Final Thoughts
Amundi MSCI World SRI UCITS ETF DR’s recent performance on EURONEXT suggests a robust medium to long-term potential, with forecasts hinting at a climb towards €114 and beyond. Investors eyeing growth in the SRI domain might find this ETF appealing.
FAQs
WSRI.PA is currently priced at €103.33 on the EURONEXT exchange in Europe as of the last update, which reflects a 0.98% increase today from the previous close.
Year-to-date, the ETF has increased by 2.17%, indicating steady growth over the year as observed on the European market platforms like EURONEXT and analyzed by Meyka AI.
Estimates by Meyka AI suggest that WSRI.PA could reach €110.96 within a year, with longer-term forecasts predicting prices of €134.39 after three years and €157.90 in five years.
Current trading volume is at 1,929 shares, considerably lower than its average volume of 7,976, which may indicate less market volatility for this ETF.
Currently, there is no recorded dividend payout for WSRI.PA as it focuses primarily on tracking the performance of the MSCI World SRI 5% Issuer Capped Index.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
