Understanding the Opportunity:
The Index aims to track the performance of a basket of stocks of companies that are actively engaged in the international clean water industry through the provision of technological, digital, engineering, utility and/or other services.
What is the investment objective?
The Index is comprised of companies which are publically traded on various stock exchanges around the world that are either companies determined to have expertise in “Utilities” with a minimum Water Revenue Share of 90%, or companies determined to have expertise in “Engineering” with a minimum Water Revenue Share of 50% or companies determined to have expertise in “Technology” or “Digital” and a minimum Water Revenue Share of 5%.
A company is only eligible for inclusion in the index if:
- it is of sufficient size (determined by reference to the total market value of the proportion of its shares that are publically traded) and
- it is sufficiently “liquid” (a measure of how actively its shares are traded on a daily basis).
Moreover, the Index excludes companies: engaged in pure coal mining; involved in the production of controversial weapons; or that, for a continuous period of three years, have been classified as being in breach of at least one of the UN Global Compact principles, which is a set of globally accepted standards on human rights, labour, environment and corruption.
The universe of companies out of which the Index selection is made is refreshed annually in March. However, the Index is reconstituted semi-annually in March and September in accordance with the full selection criteria and all companies are equally weighted within the Index. On a monthly basis, the weight of each company is assessed and, if any of them exceed 15% of the index, the weights of all companies are adjusted so that they are again equally weighted within the Index.
Type: Equity ETF
Geography: Broad Global
Sector: Broad Utilities
Investment Style: Mid-Cap Blend
Fund Size (AUM): USD 30,3M
Source: MSCI Inc. Last update: Dec 6th, 2020
Morningstar Sustainability Score
Source: Morningstar, Inc.
Last update: Dec 6th, 2020
Data by the open sources of the instrument provider. Last update: 6.12.2020
Rolling performance at 3/12/2020
6 months: 15.09%
Performance data by the open sources of the instrument provider. Last update: 6.12.2020
Top 10 Holdings
Evoqua Water Technologies
Advanced Drainage Systems
Watts Water Technologies
Top portfolio holdings as of 6.12.2020 | Source: instrument provider.
The information made available to you does not constitute the giving of investment advice or an offer to sell or the solicitation of an offer to buy any security of any enterprise in any jurisdiction. The securities listed above are not registered and will not be registered for sale in the United Sates and cannot be purchased by U.S. investors as the securities can only be purchased in jurisdictions where they have been registered for sale or where an exemption from registration applies. The offer, sale or delivery of the securities within the United States or to, or for the account or benefit of, U.S. Persons is not permitted except pursuant to an exemption from registration under U.S. securities laws, which may not be available; and the availability of the information through the website does not alter or change the persons eligible to purchase the security.
All information on this page is subject to Cyan Reef Terms & Conditions. The branding materials of the financial instruments displayed on this web-page are property of the respective instrument providers. Although the information provided was collected with due care, Cyan Reef does not and may not under any circumstances be responsible for the accuracy of the information provided hereby.
All content on cyanreef.com is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cyan Reef and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.