Catch a New Wave in Water ETFs
Stock quotes in this article:
CGW
I wrote about the first water ETF, the PowerShares Water Portfolio(PHO Quote) a year and a half ago when it first listed. I bought the fund a couple of days later for myself and for clients, and still own it. But there's a new water ETF on the block, and it already looks mighty tempting for both its broader field and narrower focus.
The water theme is simple to grasp:- Demand: Demand for water has grown at twice the rate of the population, according to the World Resources Institute.
- Supply: Only 3% of the world's water is drinkable.
- Spending: Many Third World countries that previously have had trouble accessing good drinking water are making huge strides in modernizing their water infrastructure.
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