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ONVD

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Analysis and statistics

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About

ONVD.XETRA represents the Amundi Index MSCI World SRI UCITS ETF DR, a financial product offered on the XETRA exchange. It's designed to track the performance of the MSCI World SRI index, which focuses on companies with high environmental, social, and governance (ESG) ratings while excluding those involved in controversial activities. Investors use this ETF to gain exposure to a diversified portfolio of socially responsible global equities.
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Factors

Underlying Index Performance: ONVD.XETRA aims to replicate the performance of its underlying index, so the index's movements directly affect the ETF's price. Supply and Demand: Market demand for ONVD.XETRA shares versus the supply of available shares impacts the price. Higher demand pushes the price up, while increased supply can lower it. Net Asset Value (NAV): The NAV, calculated daily, reflects the total value of the ETF's holdings minus liabilities, divided by the number of outstanding shares. The ETF price tends to track the NAV. Trading Activity: Large trading volumes and frequent transactions can lead to price fluctuations, especially during periods of high market volatility. Market Sentiment: Overall investor sentiment towards the assets held by the ETF influences its price. Positive sentiment can drive up demand and price.

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