Global X Clean Water ETF (AQWA)
- Previous Close
18.18 - Open
18.17 - Bid 13.12 x 200
- Ask 23.42 x 200
- Day's Range
18.17 - 18.24 - 52 Week Range
13.63 - 18.80 - Volume
921 - Avg. Volume
2,176 - Net Assets 10.77M
- NAV 18.26
- PE Ratio (TTM) 29.57
- Yield 1.22%
- YTD Daily Total Return 11.70%
- Beta (5Y Monthly) 1.08
- Expense Ratio (net) 0.50%
The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that have business operations in the provision of clean water. It is non-diversified.
Global X Funds
Fund Family
Natural Resources
Fund Category
10.77M
Net Assets
2021-04-08
Inception Date
Performance Overview: AQWA
View MoreTrailing returns as of 10/3/2024. Category is Natural Resources.
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Holdings: AQWA
View MoreTop 10 Holdings (61.04% of Total Assets)
Sector Weightings
Related ETF News
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Research Reports: AQWA
View MoreRaising target price to $88.00
AMERICAN STATES WATER CO has an Investment Rating of HOLD; a target price of $88.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of High; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Low.
RatingPrice TargetLowering target price to $216.00
WATTS WATER TECHNOLOGIES-A has an Investment Rating of HOLD; a target price of $216.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingPrice TargetWhat does Argus have to say about AWR?
AMERICAN STATES WATER CO has an Investment Rating of HOLD; a target price of $88.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of High; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Low.
RatingPrice TargetIt's happening slowly, but the yield curve is "un-inverting" for the first time in over two years.
It's happening slowly, but the yield curve is "un-inverting" for the first time in over two years. The 10s/twos spread reached about "plus six" basis points (bps) on Monday and was back to only "plus two" bps Thursday. The two-, five-, and 10-year yield charts all look like they are tracing out multi-year topping patterns. The two-year already has seen a very minor breakdown of its top, with the decline below 3.66% -- which was the intraday low from May 2023. If we see a further break in the two-year, as the current break is too small, the first area of interest would be in the 2.7% to 3.3% region based on a 50% and 38.2% retracement of the move higher since February 2021. Another area of interest is at 3%, or the last peak from both 2018 and 2008. The two-year yield of 3.7% implies that the fed fund target of 5.25%-5.5% is 155-180 bps too tight. If a normalized funds target is inflation (2%) plus growth (2%), the Fed is still 125-150 bps overly restrictive. The CME's FedWatch Tool shows a 71% probability that the Fed cuts 25 bps at the September 18 meeting, an 86% chance that the funds rate will be cut by a total of 50-75 bps in November, and a 77% chance that the funds rate will be cut by 100-125 bps by the end of 2024. The next logical spot for the 10-year is the bottom of its multi-year range at 3.25%. The five-year is nearing the bottom of its longer-term range at 3.25%. While lower rates mean higher "potential" stock valuations as well as capital gains for bonds, we'd be remiss if we didn't say that we don't want to see rates fall too far. That would have bearish implications for the economy and stocks. (Mark Arbeter, CMT)