Since each of these water based index methodologies have subtle nuances and differences in index construction and objectives, it would make sense for the portfolio manager to dig deeper in deciding which one, or which combination of these funds may be a potential fit. In the trailing one year period, CGW has returned 10.91%, followed by FIW up 10.88%, PHO (+8.83%), and PIO (+2.96%).
First Trust ISE Water
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