Launched on 05/14/2007, the Invesco S&P Global Water Index ETF (NYSE:CGW) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials – Water segment of the equity market.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials – Water is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.
Index Details
The fund is sponsored by Invesco. It has amassed assets over $955.71 million, making it one of the average sized ETFs attempting to…