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As of March 22, 2017 PowerShares Global Funds Ireland plc - PowerShares Global Water UCITS ETF has gone out of business. PowerShares Global Funds Ireland plc - PowerShares Global Water UCITS ETF is an exchange traded fund launched by Invesco Global Asset Management Limited. The fund is managed by Invesco PowerShares Capital Management LLC. It invests in the public equity markets of Middle East and North African regions. The fund seeks to invest in the stocks of companies operating in the water utility sector, which include products that conserve and purify water for homes, businesses, and industries. It invests in the stocks of companies across all market capitalizations, with a minimum market capitalization of US $50 million. The fund invests in the stocks of companies that are classified as participating in the green economy. It seeks to replicate the performance of the NASDAQ OMX Global Water EUR Notional Net Total Return Index, by investing in the stocks of companies as per their weightings in the index. The fund was formerly known as PowerShares Global Funds Ireland plc - PowerShares NASDAQ OMX Global Water Fund. PowerShares Global Funds Ireland plc - PowerShares Global Water UCITS ETF was formed on November 19, 2007 and is domiciled in Ireland.
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