Should You Invest in the Invesco S&P Global Water Index ETF (CGW)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2024
0mins
Source: NASDAQ.COM
- Invesco S&P Global Water Index ETF (CGW): Launched in 2007, passively managed ETF providing exposure to the Industrials - Water segment of the equity market.
- Benefits of Passively Managed ETFs: Low costs, transparency, flexibility, and tax efficiency make them popular among investors for long-term investment.
- Index Details: Sponsored by Invesco, CGW seeks to match the performance of the S&P GLOBAL WATER INDEX comprising developed market securities related to water utilities and infrastructure.
- Costs and Performance: CGW has an expense ratio of 0.56%, a dividend yield of 1.47%, and has shown positive returns over the past year.
- Alternatives and Bottom Line: Investors can consider other ETF options like First Trust Water ETF (FIW) and Invesco Water Resources ETF (PHO) in the same sector. Screening for products matching investment objectives is recommended.
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Analyst Views on AWK
Wall Street analysts forecast AWK stock price to rise
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 128.370
Low
122.00
Averages
129.00
High
139.00
Current: 128.370
Low
122.00
Averages
129.00
High
139.00
About AWK
American Water Works Company, Inc. is a water and wastewater utility company. The Company's primary business involves the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sale for resale customers. It also operates other businesses that provide water and wastewater services to the United States government on military installations, as well as municipalities. The Company operates its business through the Regulated Businesses segment. The Regulated Businesses segment includes subsidiaries that provide water and wastewater services to customers in approximately 14 states. The Company's utilities operate in states such as Pennsylvania, Georgia, Hawaii, Indiana, Iowa, Kentucky, Maryland, Tennessee, Virginia and West Virginia. The Company also serves commercial customers, fire service customers, industrial customers, public authorities, other utilities and community water and wastewater systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Post-Merger Scale: The combined company is expected to have a water and wastewater rate base of $29.3 billion by the end of 2024, covering 17 states and 18 military installations, significantly enhancing market competitiveness and service capabilities.
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- Merger Timeline: The merger is anticipated to close by the end of Q1 2027, subject to customary closing conditions including clearance under the Hart-Scott-Rodino Act and necessary regulatory approvals, which will influence the merger's successful execution.
- Market Impact: The merger will position American Water as the largest regulated water and wastewater utility in the U.S., serving over 14 million people, enhancing market competitiveness while providing improved services to Essential Utilities' 5.5 million customers, thereby enhancing customer experience.
- Strategic Significance: This merger represents not only a consolidation of resources and technologies between the two companies but also promotes sustainable growth and operational excellence, further solidifying their leadership in the water and natural gas service sectors, aligning with future market demand changes.
See More
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