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Main characteristics

Bloomberg Code WOWAXPC
Inception Date 03/02/2006
Return Type Price Return
Currency EUR
Calculated By Solactive
COMPOSED_BY Robecosam

Objective

The WOWAX indices are two benchmarks of the  world watersector. The World Water Market Cap Adjusted Index and the World Water Index tracks the performance of a hypothetical basket of Shares of Companies which have the biggest share of their revenues in either or several of the following investment clusters: Water Utilities, Water Infrastructure, Water Treatment. The Shares are selected based on a quantitative model designed by RobecoSAM AG. The Index is calculated, in EUR and USD, in each case Price Return and Net Total Return, and published by Solactive AG and is sponsored by Société Générale.

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 (WOWAXcw) (EUR - 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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