Environmental Engineering Reference
In-Depth Information
Hundreds of mutual funds had water-related holdings (water
utilities, transportation of water, etc.) in their portfolios as of
September 30, 2010, according to analysis by Morningstar, Inc. But,
of the more than 675 stocks tracked by Morningstar for this topic,
only 5 had more than 10 percent of their portfolio's holdings in
water-related stocks. They include (© 2010 Morningstar, Inc.):
Calvert Global Water A (CFWAX): 23.55 percent of the fund's
assets are in water utility stocks; market value of fund is $7.80
million.
Allianz RCM Global Water A (AWTAX): 22.38 percent of
fund's assets are in water utility stocks; market value of fund
is $11.21 million.
Kinetics Water Infrastructure Adv A (KWIAX): 20.09 percent
of fund's assets in water utility stocks; market value of fund is
$5.45 million.
PFW Water C (PFWCX): 16.24 percent of fund's assets are in
water utility stocks; market value of fund is $3.22 million.
New Alternatives (NALFX): 11.08 percent of fund is in water
utilities; market value of fund is $27 million.
Certain unit investment trusts provide another approach to
water-oriented investing. These are unmanaged portfolios (unlike
mutual funds which are actively managed) of securities held for a
set period of time, which investors then purchase by the “unit,” and
they're growing in popularity. For example, Guggenheim, an asset
management fi rm, already has sold nearly $542 million of its Global
Water Equities Portfolio (CGWERX, NASDAQ), says Bauman. The
trust's portfolio is made up of 40 securities of companies that focus
on various aspects of the global water business.
WATER REALITIES
•
As supplies have become scarcer and infrastructure needs
have grown, water has become the hot commodity of the
twenty- fi rst century.
