One of the commodities that has been the talk of the town in recent months has certainly been Water.
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The Nasdaq OMX Water index, after falling at the beginning of November towards the important graphical support at 2,280 points, started an important upward movement and rose above 2,890 points.
Quantitative analysis confirms the presence of a solid short-term bullish trend, with the main directional indicators in a long position.
After a short settlement pause, necessary to unload the strong overbought recorded by the most reactive oscillators, a further extension is therefore possible with a first target at 2,925 and a second target in the 2,945-2,950 area.
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It is difficult for now to hypothesise a bearish trend reversal: only a descent below 2,730 points, in fact, could provide a negative signal and trigger a rapid correction with theoretical targets at 2,675-2,670 first and in the 2,610-2,600 area later.
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The following ETFs can be used to invest in water:
IShares Global Water, ISIN IE00B1TXK627. This ETF has €2,000m in assets under management and replicates the S&P Global Water index. The ETF, which provides a full physical replication of the underlying, adopts a distribution policy (with dividends being distributed semi-annually to investors). The total expense ratio (TER) is 0.65% per annum.
Amundi MSCI Water, ISIN FR0010527275. It is an ETF with €1,421m in assets under management, which provides full physical replication of the underlying (represented by the MSCI ACWI IMI Water ESG Filtered index) and which adopts a distribution policy (with dividends being distributed annually to investors). The total expense ratio (TER) is 0.60% per annum.
L&G Clean Water, ISIN IE00BK5BC891. This ETF has €382m in assets under management and provides for full physical replication of the underlying (represented by the Solactive Clean Water index). The ETF adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.49% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
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The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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