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 grobinso_1on Sep 01, 2015 10:25am

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Post# 24068086

RE:Semi Sector Raised at UBS; Sees Cycle Trough by 1Q16

Thanks for the insights but alas you are 'overfitting' the data. PHO has not been in the semiconductor space for a long time and it's beta variations have been more about management execution and market acceptance then the semiconductor cycle. PHO does rely on the sector greatly and from their previous quarterly I'm inclined to think this is going to increase so we should be mindful of the sector health of semi's but I'm more inclined to watch the company play out its growth plans without judging.

grobinso

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