Powershares Water Resources Portfolio - (PHO)
PHO, 5/21/2017
After my Random Thoughts About Trends post, I decided to take a deeper look at one of the Water ETF’s available. I did a quick check on the Powershares Water Resources ETF (PHO) and its holdings. Despite a small correction between March and June 2006, PHO has been steadily marching upward. I might consider adding this ETF to my 401K account. In case your wondering, here’s what the ETF seeks to accomplish:
The investment seeks results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Palisades Water index. The fund normally invests at least 80% of total assets in American Depositary Receipts and common stocks of companies in the water industry. In pursuit of its objective, it may invest at least 90% of total assets in American Depositary Receipts and common stocks that comprise the Palisades Water index. It is nondiversified. [via Yahoo]