(D6RR) Deka MSCI Europe Climate - Ratings and Ratios

The Deka MSCI Europe Climate Change ESG UCITS ETF (XETRA:D6RR) is an exchange-traded fund designed to track the performance of European large-cap equities while incorporating ESG criteria and a focus on climate change resilience. The fund is managed by Deka Investment GmbH, a well-established German asset manager, and is listed on the XETRA exchange. It provides exposure to companies within the Morningstar Developed Europe Target Market Exposure Net Return EUR index, which represents the performance of large-cap equities across developed Europe.

From a technical perspective, the ETF has shown a steady uptrend in recent months, with its 20-day moving average (SMA 20) at 17.35 and 50-day moving average (SMA 50) at 16.79, indicating consistent growth. The 200-day moving average (SMA 200) at 16.38 further supports the long-term bullish trend. Average trading volume over the past 20 days is 10,176 shares, reflecting moderate liquidity. The Average True Range (ATR) of 0.14 suggests relatively low volatility, making it suitable for risk-averse investors.

Fundamentally, the ETF manages assets under management (AUM) of 461.27 million EUR, signaling a substantial investor base and diversification across its portfolio. The funds focus on ESG and climate change aligns with global sustainability trends, appealing to investors prioritizing environmental, social, and governance factors.

3-Month Forecast: Based on the convergence of technical and fundamental data, the ETF is expected to maintain its upward trajectory in the short term. The narrowing gap between the SMA 20 and SMA 50 suggests continued bullish momentum, while the SMA 200 provides a strong support level. The low ATR indicates that price fluctuations will likely remain contained, offering stability. From a fundamental perspective, increasing global focus on ESG and climate action could drive further inflows into the fund, supporting its growth. However, macroeconomic factors such as central bank policies and geopolitical risks may introduce volatility, requiring close monitoring.