PowerShares to Launch Water Resources ETF (Proposed ticker: PHO)

PowerShares (the maintainers of the Alternative Energy ETF -- ticker: PBW) are coming out with a new exchange traded fund that focuses on a Water Resources Portfolio:

The PowerShares Water Resources Portfolio is based on the Palisades Water Index™. The objective of the Palisades Water Index™ is to capture the substantial economic value of water that will inevitably be unlocked as the global population adjusts to the linkage between human health, economic development and resource sustainability. [ more ]

This new ETF is set to launch sometime in December and is expected to trade with the ticker symbol PHO.

Update: The PowerShares Water Resources Portfolio (PHO) has since launched. More analysis here.

Comments

[User 1:]

This is an important investment theme. I first heard about water as an investment theme in the late 1990s but never did anything about it (I'm not even sure I missed anything). About a year ago I wrote a piece for Motley Fool about Suez (SZE) which is a low impact water and China play.

One reader in particular has emailed me a couple of times about this theme and I have had very little to offer. The technology is foreign to me to assessing one particular stock and then buying it might be hard to do with client money.

I am interested in this one and plan to learn about it and write more about it.

SZE is a client holding for the one account that has an all-foreign mandate.

2005 Dec 02 02:00 AM