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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy AWK?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 121.130
Low
122.00
Averages
129.00
High
139.00
Current: 121.130
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. The Company 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 14 states. The Company's utilities operate in states such as Georgia, Hawaii, Indiana, Iowa, Kentucky, Maryland, Tennessee, Virginia and West Virginia. It also serves commercial customers, fire service customers, industrial customers, public authorities, and 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.
American Water Engages in Public Service Conference Discussions
- Industry Leadership Engagement: American Water actively participates in the 2026 Western Conference of Public Service Commissioners, showcasing its leadership in water and wastewater services and aiming to drive innovative solutions through engagement with regulators and industry leaders.
- Commitment to Customer Service: COO Cheryl Norton emphasizes the company's dedication to providing safe, reliable, and affordable water services, indicating a strategic focus on enhancing customer experience and system resilience.
- Affordability Issues Discussion: California American Water President Sarah Leeper joins the panel on 'Affordability: Causes and Cures,' focusing on the impact of infrastructure investment needs and regulatory requirements on utility affordability, reflecting the company's awareness of industry challenges.
- Importance of Infrastructure Investment: American Water highlights its critical role in addressing infrastructure needs and protecting water quality during the conference, demonstrating the company's ongoing efforts to tackle industry challenges and promote customer-focused solutions.
See More
American Water Completes $315 Million Acquisition of Water Systems
- Acquisition Completion: American Water has completed the acquisition of water and wastewater systems from Nexus Water Group for approximately $315 million, adding about 47,000 customer connections and strengthening its market presence in states like Illinois and Indiana.
- Employee Integration: The acquisition brings approximately 70 employees from Nexus Water Group into American Water's state operations, enhancing local service capabilities and community ties, which is expected to improve customer satisfaction.
- Strategic Growth Execution: CEO John Griffith highlighted that this acquisition exemplifies the successful execution of their core growth strategy, anticipating that leveraging scale will provide safe, reliable, and affordable water services, thereby driving company performance.
- Enhanced Customer Service: New customers will benefit from American Water's robust offerings, including online account management, flexible payment options, and assistance programs, ensuring a seamless transition and improved customer experience.
See More
American Water Engages in Public Service Conference Discussions
- Industry Leadership Engagement: American Water actively participates in the 2026 Western Conference of Public Service Commissioners, showcasing its leadership in the water and wastewater sector and aiming to drive innovative solutions through engagement with regulators and industry leaders.
- Commitment to Customer Service: COO Cheryl Norton emphasizes the company's dedication to providing safe, reliable, and affordable water services, enhancing system resilience and customer experience to directly benefit clients, reflecting the company's strong focus on customer needs.
- Affordability Issues Discussion: California American Water President Sarah Leeper will join a panel on 'Affordability: Examining Causes and Cures,' focusing on the impact of infrastructure investment needs, regulatory requirements, and rising input costs on utility affordability, highlighting the company's awareness of industry challenges.
- Importance of Infrastructure Investment: American Water plays a critical role in addressing infrastructure needs and protecting water quality while focusing on customer affordability, indicating the company's strategic significance in promoting sustainable industry development.
See More
Virginia American Water Completes Acquisition of Colchester Wastewater System
- Acquisition Completed: Virginia American Water finalized its acquisition of the Colchester wastewater system from Nexus Regulated Utilities on June 1, 2026, adding approximately 170 indirect wastewater customer connections, thereby enhancing its market footprint.
- Customer and Employee Integration: The acquisition brings two employees from Colchester Utilities into Virginia American Water, ensuring high-quality service for new customers while leveraging local expertise for a smooth transition.
- Strategic Growth Implementation: This transaction continues Virginia American Water's strategy of acquiring Nexus Water Group systems across eight states, demonstrating the company's ability to successfully implement its core growth strategy aimed at creating value for customers, employees, and shareholders.
- Regulatory Approval: The acquisition received necessary approvals from relevant state regulatory commissions and governmental entities, marking a significant step for Virginia American Water in expanding service coverage and enhancing operational efficiency.
See More
Tennessee American Water Completes Acquisition of Water System
- Acquisition Completed: Tennessee American Water finalized its acquisition of Tennessee Water Service's water system on June 1, 2026, adding approximately 480 customer connections, which enhances its market presence in Tennessee and strengthens local service capabilities.
- Team Expansion: The acquisition also brings one new employee to the Tennessee American Water team, ensuring a smooth transition for new customers, reflecting the company's commitment to customer service and aiming to improve customer satisfaction and loyalty.
- Strategic Implementation: This transaction is part of American Water's acquisition of Nexus Water Group systems across eight states, showcasing its successful core growth strategy, which is expected to create greater value for customers, employees, and shareholders, further solidifying its market leadership.
- Enhanced Customer Service: New customers will benefit from Tennessee American Water's online account management portal and flexible payment options, which enhance the company's customer service capabilities, aiming to meet diverse customer needs and improve overall service quality.
See More
New Jersey American Water Completes Acquisition of Montague Water Systems
- Acquisition Completed: New Jersey American Water finalized its acquisition of Montague Sewer & Water Company's water and wastewater systems on June 1, 2026, adding approximately 810 water and 270 wastewater customer connections, thereby expanding its market presence in New Jersey.
- Employee Integration: The acquisition brings two employees from Montague Sewer & Water into New Jersey American Water, who will continue to serve the new customers, ensuring continuity and expertise in service delivery, which enhances customer trust and satisfaction.
- Enhanced Customer Service: New customers will benefit from New Jersey American Water's online account management portal, MyWater, and flexible payment options, which are expected to improve customer experience and loyalty, further solidifying the company's market position.
- Strategic Growth: This acquisition is part of American Water's broader strategy to acquire Nexus Water Group systems across eight states, demonstrating the company's growth potential in the water utility sector and its commitment to delivering value to customers, which is anticipated to generate long-term benefits for shareholders.
See More
American Water Engages in Public Service Conference Discussions
- Industry Leadership Engagement: American Water actively participates in the 2026 Western Conference of Public Service Commissioners, showcasing its leadership in water and wastewater services and aiming to drive innovative solutions through engagement with regulators and industry leaders.
- Commitment to Customer Service: COO Cheryl Norton emphasizes the company's dedication to providing safe, reliable, and affordable water services, indicating a strategic focus on enhancing customer experience and system resilience.
- Affordability Issues Discussion: California American Water President Sarah Leeper joins the panel on 'Affordability: Causes and Cures,' focusing on the impact of infrastructure investment needs and regulatory requirements on utility affordability, reflecting the company's awareness of industry challenges.
- Importance of Infrastructure Investment: American Water highlights its critical role in addressing infrastructure needs and protecting water quality during the conference, demonstrating the company's ongoing efforts to tackle industry challenges and promote customer-focused solutions.
See More
American Water Completes $315 Million Acquisition of Water Systems
- Acquisition Completion: American Water has completed the acquisition of water and wastewater systems from Nexus Water Group for approximately $315 million, adding about 47,000 customer connections and strengthening its market presence in states like Illinois and Indiana.
- Employee Integration: The acquisition brings approximately 70 employees from Nexus Water Group into American Water's state operations, enhancing local service capabilities and community ties, which is expected to improve customer satisfaction.
- Strategic Growth Execution: CEO John Griffith highlighted that this acquisition exemplifies the successful execution of their core growth strategy, anticipating that leveraging scale will provide safe, reliable, and affordable water services, thereby driving company performance.
- Enhanced Customer Service: New customers will benefit from American Water's robust offerings, including online account management, flexible payment options, and assistance programs, ensuring a seamless transition and improved customer experience.
See More
American Water Engages in Public Service Conference Discussions
- Industry Leadership Engagement: American Water actively participates in the 2026 Western Conference of Public Service Commissioners, showcasing its leadership in the water and wastewater sector and aiming to drive innovative solutions through engagement with regulators and industry leaders.
- Commitment to Customer Service: COO Cheryl Norton emphasizes the company's dedication to providing safe, reliable, and affordable water services, enhancing system resilience and customer experience to directly benefit clients, reflecting the company's strong focus on customer needs.
- Affordability Issues Discussion: California American Water President Sarah Leeper will join a panel on 'Affordability: Examining Causes and Cures,' focusing on the impact of infrastructure investment needs, regulatory requirements, and rising input costs on utility affordability, highlighting the company's awareness of industry challenges.
- Importance of Infrastructure Investment: American Water plays a critical role in addressing infrastructure needs and protecting water quality while focusing on customer affordability, indicating the company's strategic significance in promoting sustainable industry development.
See More
Virginia American Water Completes Acquisition of Colchester Wastewater System
- Acquisition Completed: Virginia American Water finalized its acquisition of the Colchester wastewater system from Nexus Regulated Utilities on June 1, 2026, adding approximately 170 indirect wastewater customer connections, thereby enhancing its market footprint.
- Customer and Employee Integration: The acquisition brings two employees from Colchester Utilities into Virginia American Water, ensuring high-quality service for new customers while leveraging local expertise for a smooth transition.
- Strategic Growth Implementation: This transaction continues Virginia American Water's strategy of acquiring Nexus Water Group systems across eight states, demonstrating the company's ability to successfully implement its core growth strategy aimed at creating value for customers, employees, and shareholders.
- Regulatory Approval: The acquisition received necessary approvals from relevant state regulatory commissions and governmental entities, marking a significant step for Virginia American Water in expanding service coverage and enhancing operational efficiency.
See More
Tennessee American Water Completes Acquisition of Water System
- Acquisition Completed: Tennessee American Water finalized its acquisition of Tennessee Water Service's water system on June 1, 2026, adding approximately 480 customer connections, which enhances its market presence in Tennessee and strengthens local service capabilities.
- Team Expansion: The acquisition also brings one new employee to the Tennessee American Water team, ensuring a smooth transition for new customers, reflecting the company's commitment to customer service and aiming to improve customer satisfaction and loyalty.
- Strategic Implementation: This transaction is part of American Water's acquisition of Nexus Water Group systems across eight states, showcasing its successful core growth strategy, which is expected to create greater value for customers, employees, and shareholders, further solidifying its market leadership.
- Enhanced Customer Service: New customers will benefit from Tennessee American Water's online account management portal and flexible payment options, which enhance the company's customer service capabilities, aiming to meet diverse customer needs and improve overall service quality.
See More
New Jersey American Water Completes Acquisition of Montague Water Systems
- Acquisition Completed: New Jersey American Water finalized its acquisition of Montague Sewer & Water Company's water and wastewater systems on June 1, 2026, adding approximately 810 water and 270 wastewater customer connections, thereby expanding its market presence in New Jersey.
- Employee Integration: The acquisition brings two employees from Montague Sewer & Water into New Jersey American Water, who will continue to serve the new customers, ensuring continuity and expertise in service delivery, which enhances customer trust and satisfaction.
- Enhanced Customer Service: New customers will benefit from New Jersey American Water's online account management portal, MyWater, and flexible payment options, which are expected to improve customer experience and loyalty, further solidifying the company's market position.
- Strategic Growth: This acquisition is part of American Water's broader strategy to acquire Nexus Water Group systems across eight states, demonstrating the company's growth potential in the water utility sector and its commitment to delivering value to customers, which is anticipated to generate long-term benefits for shareholders.
See More
