NO DooDahs

Diving Into the Water ETF

Nice article. I examined the PHO about a year ago, and came to same conclusions:
www.billakanodoodahs.c.../

It may be a "water" index and a "water" ETF, but very few of the companies are pure plays on water and very little of the net revenue of the portfolio represented by the ETF comes from water.

To the commenters: Hey, if you want to trade it technically, go right ahead! It's been a good trade several times! Just don't jerk your own chain and pretend you're really "invested in water" by owning the PHO, because you'll only be fooling yourself.