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.