Main characteristics

Bloomberg Code WOWAXPDC
Inception Date 02/02/2006
Return Type Price Return
Currency USD
Calculated By Solactive
COMPOSED_BY Robecosam

Objective

The WOWAX indices are two benchmarks of the  world watersector. 
The WOWAX indices consist of the 30 largest companies in the fields of water utilities, water infrastructure and water treatment.
WOWAX is an equally weighted benchmark, that is the weight of each member is set at 5% on quarterly basis.
 
WOWAXcw is a market-cap weighted benchmark, with a cap at 10% so as to maintain an efficient diversification (i.e. no stock can weight more than 10% in the benchmark).
 
 
WOWAX  indices are rebalanced every quarter and an index review takes place every six months.

Mechanism

The WOWAX indices are two benchmarks of the world watersector. The WOWAX indices consist of the largest companies in the fields of water utilities, water infrastructure and water treatment. WOWAX is an equally weighted benchmark on quarterly basis.WOWAXcw is a market-cap weighted benchmark, with a cap at 10% so as to maintain an efficient diversification (i.e. no stock can weight more than 10% in the benchmark). WOWAX  indices are rebalanced every quarter and an index review takes place every six months.


The World Water CW (WOWAX cw) (USD - PR) (the “Index”) is the exclusive property of Societe Generale. Societe Generale has signed a contract with Solactive AG wherein Solactive AG undertakes to calculate and maintain the Index. The Index is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Level at any time or in any other respect.

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