exchange-trade fund (ETF) based on water stocks

By klsh on January 6, 2006 9:13 AM | Permalink | TrackBacks (0)

What's the most valuable liquid commodity on the market??? No not oil... would you guess -- Water!
Without it you die... pretty valuable stuff...and I just found out there is a new exchange-trade fund (ETF) based on water stocks.
PowerShares - PHO - Water Resources Portfolio

The PowerShares Water Resources Portfolio is based on the Palisades Water Index™. The Index seeks to identify a group of companies that focus on the provision of potable water, the treatment of water and the technology and service that are directly related to water consumption. The modified equal weighted portfolio is rebalanced and reconstituted quarterly.

and look at the balance as of 1-5-2006:

Health Care: MIL Millipore Corp. IDXX IDEXX Laboratories Inc. Industrials: PNR Pentair Inc. ITT ITT Industries Inc. PLL Pall Corp. FELE Franklin Electric Co. Inc. WTS Watts Water Technologies Inc. INSU Insituform Technologies Inc. LAYN Layne Christensen Co. DHR Danaher Corp. SYGR Synagro Technologies Inc. LNN Lindsay Manufacturing Co. BMI Badger Meter Inc. URS URS Corp. TTEK Tetra Tech Inc. VMI Valmont Industries Inc. SI Siemens AG FLS Flowserve Corp. ROP Roper Industries Inc. MMM 3M Co. IEX IDEX Corp. GE General Electric Co. EMR Emerson Electric Co. Information Technology: ITRI Itron Inc. Materials: CCC Calgon Carbon Corp. NLC Nalco Holding Co. ASH Ashland Inc.
Utilities: AWR American States Water Co. WTR Aqua America Inc. SBS Companhia de Saneamento Basico do Estado de Sao Paulo UU United Utilities PLC SWWC Southwest Water Co. CWT California Water Service Group CWCO Consolidated Water Co. Inc. VE Veolia Environnement SZE SUEZ France

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