(WXM) First Asset Morningstar - Ratings and Ratios

The First Asset Morningstar Canada Momentum Common Class (TO:WXM) is an exchange-traded fund (ETF) designed to provide exposure to Canadian equities exhibiting strong momentum characteristics. The fund tracks the Morningstar Canada Momentum Index, which identifies stocks with high momentum based on measures such as price performance and trading volume. WXM offers investors a diversified portfolio of Canadian companies across various sectors, with a focus on those demonstrating strong relative strength and upward price trends.

Over the next three months, based on and , WXM is expected to experience moderate volatility. The ETFs short-term moving averages (SMA20: 33.46, SMA50: 33.04) suggest a potential downtrend, as the last price (32.75) is below these levels. However, the long-term SMA200 (30.01) indicates underlying strength, with the ETF trading above this level. The ATR (0.43) points to manageable volatility, while the average volume (4244) reflects modest liquidity. From a perspective, the AUM (579.17M CAD) highlights a solid asset base, though inflows may remain steady rather than surging significantly. Overall, WXM is likely to remain range-bound with a slight bearish bias in the near term.