The First Trust ISE Water Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the ISE Water Index.
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Monday, December 17, 2012, 2:51 PM
Bullish on the water sector, BAML says it's not just about "pressure both on the supply and demand side." The Global Water Total Return Index has formed a year-long bottom relative to the S&P, says the analyst team. At least four ETFs claim to be plays on water - PHO, PIO, CGW, FIW - but it's worth a look under the hood to see exactly what they're holding.
Comment![Commodities, Quick Ideas]
Thursday, November 29, 2012, 3:42 PM
Pentair (PNR +2.8%) basks in an upgrade to Buy with price target of $58 from Bernstein. The move follows Pentair's 2013 EPS outlook of $3.10-$3.30 vs. 2012's expected range of $2.30-$2.35. Additionally, Pentair believes (presentation) it can earn $5 in 2015. The stock is the largest holding of the Water Resources ETF (PHO +1%).
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Monday, March 26, 2012, 6:54 PM
VC David Henderson has one word for you: water. Though not historically seen as a growth area, Henderson expects the strains of population growth, climate change, and emerging-markets industrialization to lead to heavy interest in both water infrastructure projects, and new technologies that can boost the availability of clean water. A few water ETFs: FIW, CGW, PHO, PIO.
5 Comments[Quick Ideas, Commodities, Tech]
Thursday, July 21, 2011, 11:28 AM
Citigroup economist Willem Buiter says the water market will soon become hotter than oil, arguing that the concentration of the world’s population and increasing standards of living will drive up demand. He recommends investors play the urbanization trend by buying into water companies such as DHR, ITT, NLC, PNR and ROP. Or maybe just buy one of the water ETFs CGW, FIW, PIO, and PHO.
Comment![Global & FX, Commodities, Quick Ideas]
Monday, January 31, 2011, 10:23 AM
"Go long agriculture and water and go to the beach," says BlackRock CEO Larry Fink, "put those investments in the bottom drawer for 10 years." Noting Israel's recent gas discovery, Fink believes energy will be less profitable. "They're finding lots of ways to find new energy." PHO +0.9%.
9 Comments[Global & FX]