Volatility in the energy market and water scarcity concerns on severe drought conditions in the west have helped raise interest in market sectors and exchange traded funds that cover the two areas.

On the upcoming webcast, Riding the Falls in a Barrel: Mixing Oil and Water in a Portfolio, Mark D. Carlson, Senior Investment Strategist for Northern Trust Asset Management, and Michael Natale, National Sales Desk Manager for Northern Trust Asset Management, will discuss the investment opportunities and risks in natural resources, like oil and water.

For example, the FlexShares Morningstar Global Upstream Natural Resource Index Fund (NYSEArca: GUNR) provides exposure to the rising demand for natural resources and tracks global companies in the energy, metals and agriculture sectors, while maintaining a core exposure to the timberlands and water resources sectors.

Specifically, GUNR includes 32.2% energy, 29.6% agriculture, 27.9% metal, 4.9% Timber and 4.8% water.