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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

Bullboard Posts
Comment by Sir_Holleron Jul 27, 2015 10:23am
61 Views
Post# 23962565

RE:RE:RE:RE:China has biggest one day stock crash since 2007

RE:RE:RE:RE:China has biggest one day stock crash since 2007The cyclically adjusted PE ratio developed by Nobel prize winner Schiller is also at levels before market crash. Buffet's indicator, total market cap to sales is also at extremes.

The US Fed was faced with an balance sheet recession in 2008 and lowered interest rates to zero to try and support asset prices. This has worked very well in that asset prices have soared despite underlying weakness in the economy. The truth is asset prices are artifical, set by price controls on money, and are now at historic extremes. The NASDAQ bubble led to a housing bubble to the bubble we have today. As Ray Dalio says, there are now no places to hide.


Bullboard Posts