Fine print within the infrastructure invoice within the Home of Representatives reveals assist for clear water, which ought to assist the International X Clear Water ETF (AQWA).
“The Infrastructure Funding and Jobs Act options important and very important potential funding in clear water infrastructure and atmosphere, totaling ~$84B,” a International X evaluation mentioned. “On a regular basis, tens of thousands and thousands of Individuals drink contaminated water.3 The bipartisan infrastructure invoice seeks to handle this, enhancing public well being and extra within the course of.”
AQWA seeks to supply funding outcomes that correspond typically to the value and yield efficiency, earlier than charges and bills, of the Solactive International Clear Water Business Index. The fund invests not less than 80% of its whole belongings, plus borrowings for investments functions (if any), within the securities of the underlying index and in ADRs and GDRs primarily based on the securities within the underlying index, which is designed to supply publicity to corporations which have enterprise operations within the provision of unpolluted water.
Whereas nearly all of its holdings reside in america, AQWA additionally offers international diversification with publicity to different international locations. That record contains Britain, France, and Japan, to call a number of.
Choose advantages of AQWA:
- Lengthy-Time period Development Potential: AQWA allows buyers to entry long-term development potential by means of corporations at the vanguard of the clear water theme.
- Unconstrained Entry: The ETF’s composition transcends basic sector, business, and geographic classifications.
- A Acutely aware Method: AQWA incorporates Environmental, Social, & Governance (ESG) screens and follows ESG proxy voting tips to have an effect on optimistic change alongside monetary returns.
Large {Dollars} in Clear Water Tasks
Wanting particularly on the clear water tasks, large {dollars} look to be headed towards infrastructure plans.
“The invoice contains $63B of latest spending on water infrastructure,” the International X evaluation mentioned. “$55B of this spending can be directed to water distribution infrastructure enhancements and various clear consuming water initiatives, together with the complete alternative of all lead pipes, funding for wastewater administration, and funding in applied sciences that improve water therapy, monitoring, and sustainability.”
“The invoice seeks to handle the impacts of legacy air pollution that impacts water high quality and public well being by investing $21B in environmental remediation tasks,” the evaluation added additional. “These tasks embody cleansing up superfund and brownfield websites, in addition to plugging orphaned oil and gasoline wells.”
For extra information and data, go to the Thematic Investing Channel.
Learn extra on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.