Allianz RCM Global Water Fund
, PFW Water Fund
and Kinetics Water Infrastructure Fund
, three of the mutual funds investing in water-related stocks, will face stiffer competition from hedge funds. So claims a Reuters article
that covers the water investments for readers.
Two of the hedge funds covered by Reuters
are Summit Global Management and Water Asset Management. The two hedge funds manage $500 million and $300 million.
All three of the funds remain niche players with just more than $100 million in AUM combined. The Allianz fund currently has $72 million in assets, PFW Water fund has $17 million while Kinetics has $16 million.
Water-related pools are much deeper in Europe, where Pictet Global, SAM Sustainable Water Fund and Kleinwort Benson
Investors manage water-related funds with $4.7 billion in AUM.
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