(CSWC) Amundi MSCI Switzerland - Ratings and Ratios

The Amundi MSCI Switzerland UCITS ETF (Ticker: CSW) is a UCITS-compliant exchange-traded fund designed to replicate the performance of the MSCI Switzerland IMI (Investable Market Index). It provides exposure to a broad range of Swiss equities, including large-, mid-, and small-cap companies. The fund is listed on Euronext Paris (Exchange: PA) and is part of the Switzerland Equity category. The ETF is managed by Amundi, one of Europes largest asset managers, and is available to investors across Europe.

From a technical perspective, the ETF has shown moderate trading activity, with an average daily volume of 9,644 shares over the past 20 days. The funds price has been relatively stable, with a last closing price of 11.51 CHF. The short-term trend, as indicated by the 20-day SMA (11.34), suggests mild bullish momentum, while the 50-day SMA (10.89) and 200-day SMA (10.73) reflect a longer-term uptrend. The Average True Range (ATR) of 0.08 indicates low volatility, making the ETF suitable for risk-averse investors seeking stable exposure to the Swiss market.

Fundamentally, the ETF has an assets-under-management (AUM) total of 221.35M CHF, which is moderate for a country-specific ETF. This size allows for efficient tracking of the underlying index while maintaining liquidity. The funds expense ratio is competitive at 0.25%, aligning with the broader ETF market. The ETF also distributes dividends annually, with a trailing 12-month dividend yield of approximately 2.9%, providing an additional return component for income-focused investors.

Three-Month Forecast: - Technical Outlook: The ETFs price is currently trading above its 20-day SMA (11.34) but below its 50-day SMA (10.89) and 200-day SMA (10.73). This divergence suggests potential short-term weakness but longer-term strength. The low ATR (0.08) indicates continued volatility compression, which may lead to a breakout or breakdown depending on broader market conditions. Support is likely at the 200-day SMA (10.73), while resistance is anticipated at the recent high of 12.00. - Fundamental Outlook: The Swiss economy is expected to remain stable, supported by a strong financial sector and a resilient manufacturing base. Corporate earnings are forecast to grow modestly, which could positively impact the ETFs performance. However, the Swiss Francs safe-haven appeal may weigh on exports, creating headwinds for certain sectors. Price Target: Based on the convergence of technical and fundamental factors, the ETF is expected to trade within a range of 10.70 (support) and 12.00 (resistance) over the next three months. A breakout above 12.00 could signal a bullish trend, while a breakdown below 10.70 may indicate a bearish reversal. The most likely scenario is a gradual uptrend, with a target price of 11.70 CHF by the end of the forecast period.