In this fund review we look at the L&G Clean Water UCITS ETF.
For more information visit Legal & General's website: http://www.lgimetf.com/
A more sustainable global water system is in the interests of consumers, businesses, and governments. LGIM believes that companies that can contribute to solving the myriad challenges in meeting the planet’s insatiable thirst for clean, affordable water will become indispensable in the economy of the future.
L&G ETF has partnered with Global Water Intelligence®, a provider of cutting-edge research on the water industry, to create a vehicle for investing in the companies helping to overcome the modern day challenges affecting the water value chain.
Innovative companies looking to alleviate modern day stresses on the global water market - focusing on companies across the technology, digital, utilities, engineering and energy sectors.
Including companies such as Alfa Laval and Advanced Drainage Systems
The fund has a total expense ratio of 49 basis points, covers companies globally, is available in US dollars, British pounds and Euros, and is domiciled in Ireland
The fund's underlying index is the Solactive Water Index NTR using full physical replication to offer investors direct exposure to the theme and is rebalanced semi-annually
The index has a systematic approach and considers water-related revenues, sectors, specialism and applications to offer a broad and diversified exposure. It has less than 3% overlap with traditional benchmarks such as S&P 500
The L&G Clean Water UCITS ETF seeks to offer investors a liquid, cost-effective and transparent vehicle providing exposure to a diverse basket of stocks integral to the world’s management of its water.
As ever remember to visit ETF Stream .com to keep up to date with news and events in the sector.