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
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.