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

| About: PowerShares Water (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 (NASDAQ:PHO) has since launched. More analysis here.

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