ETF of the Week: Invesco Water Resources ETF (PHO)
ETF of the Week - A podcast by VettaFi - Thursdays
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ETF Trends’ CEO Tom Lydon discusses the Invesco Water Resources ETF (PHO) on this week’s ETF of the Week podcast with Chuck Jaffe of the MoneyLife Show. Water scarcity is becoming increasingly common globally, with a 57% decrease in renewable water between 1962 and 2017. A McKinsey study estimates that global demand for water will outstrip supply by 40% by 2030. Addressing water scarcity will require technological solutions and investment. PHO invests in U.S. exchange-listed companies within the water industry that create products to purify and conserve water for homes and industries.
