Global X Clean Water ETF (AQWA) is an exchange-traded fund that seeks to track the performance of the Solactive Global Clean Water Industry Index by investing in a portfolio of global equity securities focused on companies advancing clean water provision through industrial water treatment; recycling, including water reclamation; purification; desalination; storage; distribution; and sustainability initiatives. The fund employs a full replication technique to hold growth and value stocks across diversified market capitalizations, emphasizing socially conscious companies that promote environmental responsibility via incorporated Environmental, Social, and Governance (ESG) screens and proxy voting guidelines. Its top holdings as of late 2025 include Ferguson Enterprises Inc. (approximately 8%), Pentair plc (8%), Xylem Inc. (8%), American Water Works Company Inc. (8%), and Core & Main Inc. (5-6%), with sector allocations led by industrials (55%), utilities (35%), and materials (3%).
Launched on April 8, 2021, and domiciled in the United States, AQWA is managed by Global X Management Company LLC, a subsidiary of Mirae Asset Global Investments, and trades primarily on Nasdaq with net assets around $12-20 million. The fund provides targeted exposure to the global clean water value chain, serving investors interested in thematic opportunities addressing water scarcity amid population growth and climate challenges, with geographic operations spanning developed and emerging markets including the United States, United Kingdom, Brazil, and China.
In August 2025, the underlying Solactive Global Clean Water Industry Index underwent a methodology change effective August 15, enhancing its framework for selecting constituents involved in clean water advancements. Amid broader Global X product updates, the firm announced liquidations of select underperforming funds in July and January 2025, though AQWA continued operations unaffected as a core thematic offering; concurrently, Global X expanded its European presence, surpassing $5 billion in regional assets under management by November 2025 via a growing suite of over 40 ETPs. These developments underscore Global X's commitment to refining its lineup while maintaining focus on innovative themes like clean water infrastructure.