##  [# Daily ETF Watch: Water Fund Planned](/sections/daily-etf-watch/daily-etf-watch-water-fund-planned) 

 

# Daily ETF Watch: Water Fund Planned

 

 

New firm files for ETF targeting the water industry.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Jan 25, 2016

 Edited by: Heather Bell

 

 

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Newcomer Denver-based Elevation ETF Trust has filed for a global fund that will target companies that generate significant revenues from water-related businesses serving the industrial, utilities and energy sectors. The [Summit Water ETF](https://www.sec.gov/Archives/edgar/data/1655319/000139834416008730/fp0017374_n1a.htm) will track the Zacks Global Water Index and trade on the NYSE Arca.

The fund is not the first water-focused ETF—there are already several on the market. The largest is the [PowerShares Water Resources Portfolio (PHO | A-46](https://etf.com/pho)), with $572 million in assets under management. PHO has been trading for over a decade.

The Summit fund will track an index that requires that the component stocks meet liquidity thresholds and have at least $200 million in market capitalization. The methodology seeks to target companies that offer the best risk/return potential while maximizing exposure to water-related business lines. The prospectus noted that the index relies on a proprietary ranking and weighting methodology.

The fund is expected to have 30 to 50 holdings.

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*Contact Heather Bell at* [*hbell@etf.com*](mailto:hbell@etf.com)*.*



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


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