Ecofin Global Water ESG Fund (EBLU)
- Previous Close
48.77 - Open
48.40 - Bid 48.55 x 800
- Ask 48.80 x 800
- Day's Range
48.72 - 48.72 - 52 Week Range
36.02 - 49.09 - Volume
1,215 - Avg. Volume
2,390 - Net Assets 55.95M
- NAV 48.89
- PE Ratio (TTM) 31.61
- Yield 1.17%
- YTD Daily Total Return 12.03%
- Beta (5Y Monthly) 1.14
- Expense Ratio (net) 0.40%
The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name (i.e., Water Companies). The index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of global Water Companies listed on developed country exchanges. The fund is non-diversified.
Ecofin
Fund Family
Natural Resources
Fund Category
55.95M
Net Assets
2017-02-14
Inception Date
Performance Overview: EBLU
View MoreTrailing returns as of 9/20/2024. Category is Natural Resources.
People Also Watch
Holdings: EBLU
View MoreTop 10 Holdings (49.47% of Total Assets)
Sector Weightings
Recent News: EBLU
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Research Reports: EBLU
View MoreWhat 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 TargetRaising target price to $209.00
WATTS WATER TECHNOLOGIES-A has an Investment Rating of HOLD; a target price of $209.000000; 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 CWT?
CALIFORNIA WATER SERVICE GRP has an Investment Rating of HOLD; a target price of $58.000000; 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 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)