Pictet-Water I dy GBP
Rated Fund 2017-2018. Invests in companies helping to improve water services
Water is expected to become one of the world's most valuable commodities in future, due to increasing demand and dwindling supplies. While some investors may feel uncomfortable making a profit from this situation, others argue that capital is needed to invest in companies involved in conservation and improving the efficiency of the sector.Pictet Water, launched in 2009, is the longest-established specialist water vehicle available in the UK. It invests in the shares of around 60 companies operating in the water sector worldwide, favouring those operating in water supply, processing services, water technology and environmental services.The fund's investment team, backed up by an advisory board of scientists, business leaders and academics, is led by Arnaud Bisschop. In constructing the fund, the team takes a bottom-up, high-conviction approach, choosing the most promising stocks from a universe of 360 water companies. They aim to combine defensive stocks such as traditional water utility companies with growth stocks, such as those involved in manufacturing pipes, pumps and metering.
Water quality monitoring is another growing area for the managers. Part of the fund is also invested in companies that provide environmental services, which help to reduce pollution through water treatment and processing industrial waste. The managers ensure there is geographical diversification by investing in developed and emerging markets. While the fund's largest exposure at the end of 2017 was to the US (50 per cent), it also had holdings in China and Brazil. Whitechurch Securities, the wealth manager, uses this fund in its ethical portfolios.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Xylem Inc||3.97 %|
|Danaher Corp||3.81 %|
|American Water Works Co Inc||3.61 %|
|Veolia Environnement SA||3.61 %|
|Suez SA||3.61 %|
|Pentair PLC||3.38 %|
|Waste Connections Inc||3.01 %|
|Severn Trent PLC||2.94 %|
|Thermo Fisher Scientific Inc||2.75 %|
|Aqua America Inc||2.26 %|
|United States||54.93 %|
|United Kingdom||8.05 %|
|Asia - Emerging||6.19 %|
|Europe - ex Euro||5.18 %|
|Basic materials||8.34 %|
Data provided by Morningstar.
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