Pictet - Water - P EUR

Clean Water

Access to clean water is one of the most critical global challenges affecting billions of people around the world. This actively managed fund invests in companies that provide solutions addressing the global water challenge by improving wastewater treatment, water efficiency, and access to safe drinking water.

Targeting the following Sustainable Development Goals (SDGs)
Clean Water and sanitation iconInnovation and infrastructure iconClimate action icon

Overview

Only 75% of people have access to clean and safe drinking water, yet, due to rapid urbanisation and population growth worldwide, demand for water only continues to increase. Because of climate change, some regions are already experiencing excessive flooding, while others are undergoing massive droughts and water shortages. Pictet Water invests in companies that address these challenges. The companies in the fund offer water technologies, infrastructure and wastewater treatment solutions, which are all urgently needed to ensure the supply and storage of clean, drinking water to all underserved populations.

Past performance

Figures as of 08/06/2022

Past returns

1 month

3 months

YTD

1 year

3 years annualised

-6.94%

-1.45%

-16.68%

2.15%

+11.74%

Figures refer to historical performance. Past performance is not an indication or guarantee of future performance.

Basic information

ISIN

Ongoing costs

icon questionmark

What are the ongoing costs?

Ongoing charges are annual costs associated with running a mutual fund. These encompass the fund's management fee, service or custody fees and other professional fees. Ongoing charges are usually based on the costs over the last calendar year and may vary from year to year. Fund specific breakdown of ongoing charges can be found at the bottom of this page or in fund's sales prospectus. The ongoing charges are automatically counted in the investment performance.

icon closing x

Risk profile

icon questionmark

What is a risk profile?

A risk profile of a single stock or a mutual fund is an evaluation of the level of risk. It is assessed with a score from 1 to 7. The score is calculated with a standardized methodology based on the level of the volatility of the fund displayed during the previous 5 years.
The higher the value of the volatility the higher is the risk. A score of 1 is associated to lower risk, while a score of 6-7 to higher risk.

icon closing x

LU0104884860

2.00%

6/7

Fund size

Launch date

8,146€ M

Jan 2000

Footprint and impact metrics

Carbon footprint
based on a 1,000€ investment
CO2e footprint
112
kg CO2e
icon questionmark

Carbon footprint

The estimated carbon footprints provide a static snapshot of how much CO2e emissions could be associated with an investment, assuming a one-year holding period. Estimates are based on Scope 1 and 2 emissions data from 2021. The analysis shows the estimated footprint associated with 1000€ invested. If you are curious, you can read more about how these are calculated.

How is the fund carbon footprint calculated?
icon open in new tab
icon closing x
Water footprint
based on a 1,000€ investment
Water Icon
10,649
liters
icon questionmark

Water footprint

The estimated water footprints provide a static snapshot of how much water usage could be associated with an investment, assuming a one-year holding period. Estimates are based on fund data from 2021. The analysis shows the estimated footprint associated with 1000€ invested. If you are curious, you can read more about how these are calculated.

How is the fund water footprint calculated?
icon open in new tab
icon closing x
Change in water usage
by companies in the fund in 2021
Downward trend
147
megaliters
icon questionmark

Change in water usage

The annual change in water usage by companies in the fund is calculated by comparing the companies’ total change in water usage from the last two calendar years.

Impact calculations for Clean Water
icon open in new tab
icon closing x
Water recycled
by companies in the fund in 2021
Recycling
698,829
megaliters
icon questionmark

Water recycled

The annual amount of water recycled by companies in the fund during the last calendar year is calculated based on publicly disclosed data.

Impact calculations for Clean Water
icon open in new tab
icon closing x

Asset & holdings

Top 5 holdings

Danaher Corporation

Thermo Fisher Scientific Inc.

American Water Works

Veolia Environnement SA

Republic Services, Inc.

5.63%

4.26%

4.11%

4.05%

3.84%

Top 5 countries

🇺🇸 USA

🇬🇧 United Kingdom

🇫🇷 France

🇨🇭 Switzerland

🇨🇦 Canada

67.93%

8.33%

4.16%

3.52%

2.77%

Top 5 sectors

Gas & Water Utilities

21.88%

Medical Equipment & Devices

13.89%

Machinery

12.80%

Commercial Support Services

11.88%

Home Construction

9.41%

A closer look at the companies

Some of the innovative companies in the fund offering solutions to the global water challenge.

Home Construction

Geberit offers water-saving sanitary products and systems such as sanitary flush units and hygiene filters for residential, commercial and building markets. The company develops intelligent water management products with environment and resource-efficiency in mind resulting in significant water savings annually.

Case study (Coming soon)
Machinery

Kubota Corporation operates mostly in the segments of agricultural machinery, water and environment, marketing its products globally. The company provides water supply, sewage, and water treatment solutions as well as water infrastructure design, construction and maintenance. Kubota aims to reduce its scope 1 & 2 emissions in Japan by 30% compared to 2014.

Case study (Coming soon)
Gas & Water Utilities

United Utilities provides water and wastewater services to homes and businesses with sustainable management of water resources and water efficiency at the center of the company’s strategy. The company has committed to reduce absolute scope 1 & 2 emissions by 42% by 2030 compared to 2020.

Case study (Coming soon)

Sustainability strategy

Strong thematic focus and track record

With over two decades of experience in thematic investments from Pictet, this asset manager strictly adheres to and is fully committed to the UN Principles of Responsible Investment. The Pictet Water fund in particular is one of the earliest funds launched that focuses on water-related investments only. It is in line with the EU’s Article 9 regulation on sustainable and impact funds, and it seeks to invest in economic activities that positively contribute to the specific environmental objectives in the water sector.

ESG as part of the investment process

The Pictet Water fund integrates ESG (environmental-, social- and governance-related) factors in the investment process. In addition, Pictet applies its own methodology to assess companies’ exposure to the 17 of the UN’s Sustainable Development Goals (SDGs). The Pictet Water fund specifically invests in companies whose products and services are in line with SDG6 (Clean Water and Sanitation), SDG9 (Industry, Innovation, and Infrastructure), SDG11 (Sustainable Cities and Communities), SDG12 (Responsible Consumption and Production), and SDG14 (Life Below Water).

Active ownership

Active ownership is a big part of Pictet’s approach to responsible investing. The asset manager directly engages with fund companies on ESG topics and also takes advantage of the larger investor engagement efforts and actively uses voting rights during annual general meetings. By doing so, Pictet uses its influence as an asset manager to maximise the overall long-term value of the companies invested in the fund.

Costs & fees

The fund ongoing charges are 2.00% and automatically counted in the investment performance report. Here’s a detailed breakdown of the major cost components:

The fund deducts ongoing charges [i]

The ongoing charges are comprised of

A management fee of [ii]

A custody fee of [iii]

A service fee of [iv]

Additional charges iv]

2.00%

 

 

1.60%

0.03%

0.29%

0.08%

[i] The ongoing charges figure is based on expenses for the 12 month period ending on 31 December of the previous year. This figure may vary from year to year. It excludes performance fees and portfolio transaction costs, except in the case of an entry/exit charge paid by the Compartment when buying or selling units/shares in another collective investment undertaking.
[ii] The Management Company receives management fees to remunerate the managers, submanagers, investment advisers and distributors, if any, in accordance with applicable laws and regulations (including but not limited to MiFID).
[iii] In payment for its custodial services, the Depositary Bank charges a fee for the deposit of assets and the safekeeping of securities.
[iv] A service fee is paid to the Management Company to remunerate it for the services provided to the Fund. This fee also enables the Management Company to remunerate the Central Administration Agent for the functions of transfer agent, administrative agent and paying agent.
[v] This includes audit fees, tax d’abonnement, and other charges.

Cooler Future Icon

Invest in a better world

Start your impact investment journey by downloading Cooler Future today.

Get Started