KBC ECO Fund Water is a sub-fund of the Belgian Bevek, KBC Eco Fund. The fund invests in an international selection of shares in companies active in the water cycle (universe). It invests in water and wastewater utilities (35%), water infrastructure companies (25%, including producers of pipes, valves and pumps, and construction and engineering companies that design and build the infrastructure) and water treatment technologies (40%, including the subsector of metering and quality control). The fund only invests in shares of companies that derive at least 50% of the turnover from water activities, or in market leaders that derive at least 10% of the turnover from water activities. All companies also have to comply with a set of minimum conditions relating to the following Socially Responsible Investments (SRI) criteria: Environment, Nuclear Energy, Human Rights, Military Industry and Corporate Governance.