The water investment theme is supported by the population growth in emerging markets, as well as the global population. The need for more potable water for irrigation in emerging economies is also present, as more people need to eat, drink and use this element.
CGW has a beta of 0.91 and a standard deviation of 13.49%, slightly below the 14.06% found on the MSCI World Index, according to Guggenheim data. The ETF owns 52 stocks with an average market value of $4.3 billion. [Water: The Next Commodity]
Other water ETFs include the PowerShares Water Resources Portfolio (NYSEArca: PHO) and the First Trust ISE Water Index Fund (NYSEArca: FIW). PHO has $985.7 million in assets under management.
Guggenheim S&P Global Water ETF
ETF Trends editorial team contributed to this post.