Palisades Water Index Explained

The Palisades Water Index (ZWI) is a modified equal-dollar weighted stock market index. It is designed to track the performance of companies engaged in the global water industry such as pump and filter manufacturers, water utilities, and irrigation equipment manufacturers. The index was set at 1000 as of December 31, 2003.

History

The index was developed in 2003 by Steve Hoffmann. He established the Palisades Water Index Associates to manage and license the index.[1] A number of exchange traded funds (ETFs) were established that track the index.[2]

Components

As of August 2008, the components of the index included the following companies:

The PowerShares Water Resources Fund is based on this index.

See also

Notes and References

  1. Web site: American Stock Exchange Publishes New Palisades Global Water Index - The Benchmark Index Of The Global Water Industry . December 21, 2006 . Mondo Visione .
  2. News: Economist sees liquid assets . October 4, 2009 . The Spokesman Review.

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