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Calvert Investments launches responsible Water Research Index

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Calvert Investments has launched the Calvert Global Water Research Index (CALH2O) – the sixth addition to the company’s growing suite of responsible indexes.

The index focuses on investing in companies dedicated to the responsible stewardship, sustainability and accessibility of Earth’s water, but unlike existing sector indexes it offers better diversification, a lower risk profile and generally more attractive investment characteristics.
 
Calvert recognises that while water is a global common good it is also becoming an increasingly demanded resource. To address this growing demand, Calvert believes that driving capital to responsible companies in the water sector will drive more investment in solutions to global water challenges.
 
“We’re very excited to bring the Calvert Principles for Responsible Investment and Calvert’s proprietary research system to this critical global need,” says John Streur (pictured), CEO. “We want to see more clean water get to more people. We are striving to ultimately create a whole new water paradigm by rewarding the best users and encouraging innovation.”
 
By including both water efficiency leaders and innovators, the Calvert Global Water Research Index provides a comprehensive approach to investing in water that addresses both the supply and demand sides of the water system.
 
“We recognise there are firms outside of the traditional water sector that are innovating to address global water challenges,” says portfolio manager Jade Huang. “We’ve added companies demonstrating leadership in water efficiency in the most water-intensive sectors to our index in an effort to address not only the supply of clean water, but also water consumption.”
 
Because the Calvert Global Water Research Index is less concentrated, it provides opportunities to invest in more companies, industries, sectors and countries than other existing water indexes that often concentrate in only one segment of the water industry. Compared to its peers, the index consists of larger and potentially more stable companies.
 
“We believe the Calvert Global Water Research Index is both unique in the marketplace and offers an attractive investment profile compared with other water indices,” says portfolio manager Chris Madden.
 
Calvert also announced that the Calvert Global Water Fund (NASDAQ: CFWAX) is moving from an actively managed approach to a passive strategy that seeks to track the performance of the Calvert Global Water Research Index. This change, together with other cost reduction initiatives, has reduced expenses associated with the fund from 1.83 per cent to 1.28 per cent (net on class A-shares) since the first of the year, a reduction of nearly thirty per cent.
 

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