JPatrick
Thinks s/he gets paid by the post
- Joined
- Jun 3, 2005
- Messages
- 2,610
Power Shares created a new ETF in December to track the Palisades water index. It is designed to hold stocks that are all about the delivery, purification or anything else water.
The symbol is PHO. Not around long enough to have a track record, but it's index is respectable @ 1 year=8.48%, 3 year=33.91%, and 5year= 14.85% which is similar to the utility index and whips the S&P 500 for those periods.
Forgot the beta, but it is low at about .60.
Options are available and it is thought that a 1.50% div could be on the way, though nothing promised.
When I think about the places I have lived and the places I have considered moving to, I find that the majority have had or are now facing a water challenge.
No crystal ball here, but looking out 25 years or so, I find the H2O crisis a much tougher nut to crack than our current oil crisis.
The symbol is PHO. Not around long enough to have a track record, but it's index is respectable @ 1 year=8.48%, 3 year=33.91%, and 5year= 14.85% which is similar to the utility index and whips the S&P 500 for those periods.
Forgot the beta, but it is low at about .60.
Options are available and it is thought that a 1.50% div could be on the way, though nothing promised.
When I think about the places I have lived and the places I have considered moving to, I find that the majority have had or are now facing a water challenge.
No crystal ball here, but looking out 25 years or so, I find the H2O crisis a much tougher nut to crack than our current oil crisis.