Invesco Water Resources ETF T.PHO

Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.

NDAQ:PHO - Post by User

Invesco Water Resources ETF > Diversification

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Comment by Stocker46on Aug 07, 2020 9:44am

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Post# 31378097

RE:Diversification

A little diversification couldn't hurt but the reduced earnings in 2nd Q has nothing to do with the cyclical nature of the semi business. Photon can't control the value of the Cdn $ vs the US $ or the timing of rate changes.
They will always be subject to the possibility of big swings from one Q to the next ... in this case $4.2M.

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