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

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Comment by MicrocapManiacon Mar 25, 2013 4:15pm

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Post# 21165164

RE: P/E of 5x, P/CF of 3x

It is cheap. They did $1.7 million in profit or about $0.016 in eps. They had a one time tax benefit that bumped up the profit after tax. Based on today's close it's trading at 6.25 times earnings. That's cheap enough for me.

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