Water ETFs Could Clean Up Act With Obama
November 23rd at 1:00pm by Tom Lydon
A nationwide push for President-Elect Barack Obama to address drinking water issues may affect related exchange traded funds (ETFs) in a healthy manner if he agrees.
The water industry is calling for safer drinking water standards, source water protection and infrastructure investment, reports Water Tech online. Organization such as American Water Works Association, Association of Metropolitan Water Agencies, National Association of Water Companies, and National Rural Water Association have collaborated to put together a document for issues at hand.
Some of the infrastructure investment and drinking water projects will require legislation and policy and direction of the new president. Obama has expressed that this kind of investment will be a priority for him.
- PowerShares Water Resources Portfolio (PHO), down 48.1% year-to-date
- Claymore S&P Global Water Index (CGW), down 48.4% year-to-date
