In the last two months of 2023, the technical situation of the MSCI World stock index (within which there are more than 1,500 stocks and which covers about 85% of the market capitalisation of 23 developed countries) improved.
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Prices, after having fallen towards the end of October to 2,720 points, made a quick leap forward and climbed quite decisively above 3,180 points.
Quantitative analysis shows a clear strengthening of the bullish pressure, with the main directional indicators turning long.
Before being able to attempt a new extension (which will have a first target near 3,200 and a second target in the 3,216-3,220 points area), however, a physiological settlement pause is likely (necessary to discharge the strong short-term overbought) above the graphic support located at 3,035-3,020 points.
Difficult for now to hypothesise a bearish trend reversal: a possible correction would in fact find a valid support in the 2,905-2,890 points area.
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The following ETFs can be used to invest in the MSCI World index:
iShares MSCI World, ISIN IE00B4L5Y983. This ETF has assets under management of EUR 57,269 mln, which provides for the sampling replication of the underlying (buying only the most important components of the index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.20% per annum.
Xtrackers MSCI World, ISIN IE00BJ0KDQ92. It is an ETF with €9,463m in assets under management, which provides for the sampling replication of the underlying (buying only the most important components of the index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.19% per annum.
Lyxor Core MSCI World, ISIN LU1781541179. This ETF has €3,387m in assets under management, physical replication of the underlying (through the purchase of securities) and adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.12% per annum.
Amundi MSCI World, ISIN FR0014003IY1. It is an ETF with €62m in assets under management, which provides for synthetic replication of the underlying (via swaps) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.30% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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