May 15, 2007 at 12:49 pm by Tom Lydon
Exchange traded funds (ETFs) are often touted for their liquidity, but now there is a new truly "liquid" ETF, Claymore S&P Global Water Index (CGW). The ETF launched this week includes both water utilities and infrastructure, and water equipment and materials companies. The ETF is consists of 50 stocks in developed markets around the world, as research points to a global need for clean water.
There is another water ETF available, PowerShares Water Resources (PHO), launched in December 2005. This ETF tracks companies with a focus on the provision of portable water, water treatment and water consumption technology. There are international holdings, but many are small cap water infrastructure companies, such as purification facilities. PHO is up 6% year-to-date.
Tags: Water
Subscribe to Our RSS Feed
