(FXM) First Asset Morningstar - Ratings and Ratios

First Asset Morningstar Canada Value Common Class (TO:FXM) is a Canadian exchange-traded fund (ETF) designed to track the performance of the Morningstar Canada GR CAD Index. This index focuses on Canadian equity securities classified as value stocks, targeting companies with strong fundamentals at attractive valuations. The ETF provides exposure to a diversified portfolio of Canadian value stocks, offering investors a way to gain access to undervalued segments of the Canadian equity market.

From a technical perspective, FXM is currently trading at 25.48 CAD, slightly below its 20-day (25.77) and 50-day (25.82) simple moving averages (SMAs). However, it remains above its 200-day SMA (24.03), indicating a potential long-term uptrend. The Average True Range (ATR) of 0.22 suggests low volatility, with price fluctuations remaining relatively stable. The average 20-day volume of 2331 shares indicates moderate trading activity, which may impact liquidity for large-scale transactions.

Over the next three months, FXM is expected to remain range-bound between 24.50 and 26.50 CAD, based on its current technical setup. The 20-day and 50-day SMAs are likely to act as resistance levels, while the 200-day SMA may provide support. The low ATR suggests that price movements will remain subdued, with minimal breakout potential. Fundamental factors, such as earnings reports from key holdings and broader market sentiment, will play a significant role in shaping the ETFs performance during this period.

The ETF has assets under management (AUM) of 297.99M CAD, reflecting moderate investor interest in the Canadian value equity space. As a Morningstar-indexed fund, FXM adheres to a rules-based methodology, ensuring that its portfolio aligns with the value-oriented criteria defined by Morningstar. This includes metrics such as price-to-earnings ratios, dividend yields, and other valuation measures to identify undervalued Canadian companies.